Getty / Alexander Yates. The Lincoln last name means from the lake colony, or one who came from Lincoln, England. Derived from the Welsh element lynn, meaning lake or pool and the Latin element colonia, meaning colony..Surname Origin: English.Alternate Surname Spellings: LYNCOLN.etty / Alexander Yates. The Lincoln last name means from the lake colony, or one who came from Lincoln, England. Derived from the Welsh element lynn, meaning lake or pool and the Latin element colonia, meaning colony..
You can deduct your contributions if you qualify. Your contributions arenât deductible. How much can I contribute? The most you can contribute to all of your traditional and Roth IRAs is the smaller of: $5,500 (for 2015 - 2018), or $6,500 if youâre age 50 or older by the end of the year; or; your taxable compensation for the year. What is the deadline to make contributions? Your tax return filing deadline (not including extensions). For example, you can make 2017 IRA contributions until April 17, 2018. When can I withdraw money? You can withdraw money anytime.
A husband and spouse may contribute to one another's traditional or Roth IRA. Because each spouse can contribute $5,000 or $6,000 per year, the combined contributions may total $10,000 to $12,000, depending on their ages.ndividuals may contribute up to $5,000 each year to a traditional IRA. When you reach the age of 50, the IRS increases the limit to $6,000. The money you put into a traditional IRA is tax deductible unless your adjusted gross income exceeds IRS income limits, discussed below. Only individuals can open and own IRAs.