IRS Guidelines on Age Limits for Dependents. As mentioned above, age is a factor in determining whether your child is a qualifying child for your tax return. If your child is a student or is disabled, then you can claim him or her as a dependent as long as your child is under age 24. Otherwise, the child must be under 19 years old.
Here's the maximum amount you can save in your IRA (whether Roth or traditional) next year. I won't keep you in suspense: The 2017 maximum IRA contribution limit is $5,500 (or $6,500 if you're 50 years old or older). Keep in mind that Roth IRAs have different limits based on your income (which can affect your eligibility for a Roth IRA).
2015 Traditional & Roth IRA Maximum Contribution Limits. Unfortunately, 2015 will not bring an increase in the maximum individual retirement account contribution amount. The 2015 maximum IRA contribution limit is still capped at $5,500, the same as the 2014 maximum IRA contribution limit.This comes as a bit of a surprise as the 2015 maximum 401K contribution limit was increased in the same press release. This contribution limit applies to both Traditional IRAâs and Roth IRAâs.he 2015 maximum IRA contribution limit is still capped at $5,500, the same as the 2014 maximum IRA contribution limit. This comes as a bit of a surprise as the 2015 maximum 401K contribution limit was increased in the same press release.