1 Massachusetts Department of Housing and Community Development - mortgage, downpayment and closing cost information for first-time homebuyers.  Massachusetts Housing Consumer Education Centers - find a center nearest you that offers homebuyer classes.
The catch-up contribution limit for anyone who turns 50 in 2015 will also increase, from $5,500 to $6,000 (for a maximum contribution of $24,000). The IRA contribution limit will remain $5,500 per person in 2015 (or $6,500 if you turn age 50 anytime during the year).
1 The fact is, for tax year 2007, an individual, even if they contributed to a 401(k) in 2007, can contribute up to $4,000 to an IRA. And they have until April 15, 2008 to make a contribution. For 2008, an individual can contribute up to the annual contribution rates for both a 401(k) ($15,500) and an IRA ($5,000). Those age 50 or older can also add an extra $1,000 to an IRA and $5,000 to a 401(k).