A continuance without a finding (also sometimes called a continuation without a finding), or a CWOF (pronounced âquaffâ). It is similar to a nolo contendere or no contest plea in other states.
Every fall, the IRS announces the contibution and income limits for the next calendar year. For 2016, these limits see very minor changes. (The information below also includes the limits for 2015.) Contribution Limits Unchanged The total amount you can contribute to either a Roth IRA or a Traditional IRA remains unchanged at $5,500. People â¦ Continued
Traditional IRA Limits and Restrictions. For 2015, the standard contribution limit for both traditional and Roth IRAs is $5,500. If youâre 50 years of age or older, the IRS provides a âcatch upâ feature that allows you to contribute an extra $1,000 each year.(If youâre merely rolling over another retirement plan into an IRA, these caps donât apply.).ource: AARP. While anyone can contribute up to $5,500 (or $6,500 for individuals age 50 and older) to a traditional IRA, not everyone can deduct that full amount on their tax return. If you have a retirement plan at work, youâre subject to certain income-based restrictions.