Vacuum-assisted closure of a wound is a type of therapy to help wounds heal. Itâs also known as wound VAC. During the treatment, a device decreases air pressure on the wound.
Those limits are generally $5,500 for both the 2016 and 2017 tax years if you're under age 50, or $6,500 if you're 50 or older. However, there are additional restrictions on how much you can put in a Roth IRA if your income is above certain levels. Below, we'll look more closely at how Roth IRA contribution limits work -- and how some taxpayers can get around them if necessary. Image source: Getty Images. How a high income can reduce Roth contribution limits for 2017 Some people are prohibited from making full Roth IRA contributions. In particular, if your income exceeds certain limits, then you won't be allowed to contribute the full amounts mentioned above.
Who qualifies for a Roth IRA? You can't contribute to a Roth IRA if you make too much money. For singles, this starts at $118,000. For married couples, it is $184,000. More... How much can I contribute? Generally $5,500 a year unless you are over 50 in which case it goes up to $6,500. More... Where should I open a Roth IRA? Almost all brokerage ï¬rms will offer a Roth IRA. You should consider a brokerage like Fidelity or E*Trade that offer low-cost funds. Lifecycle funds that automatically rebalance and adjust over time are especially good for Roth IRAs. More...