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).
The most you can legally contribute to your 401K for 2012 is $17,000, and the IRS raises this by $5,500 if youâre 50 or older. Beyond the maximum dollar figure youâre allowed to contribute, your employer will have a uniform maximum percentage of income limit, which will vary from one employer to another.