USA
U.S. immigration policy tracker covering executive actions, congressional legislation, state-level laws, and federal agency updates from USCIS, ICE, CBP, and the Department of State.
Roth IRA Contribution Limits, MAGI Phases and 2024 Thresholds Explained
2024 Roth IRA eligibility depends on MAGI and filing status, with phase-outs for singles ($146k–$161k) and joint filers ($230k–$240k). Roths are nondeductible; excess contributions must be withdrawn with earnings by…
IRA Contribution Limits Hold at $7,000/$8,000 for 2024-2025
IRS held IRA limits at $7,000 (under 50) and $8,000 (50+) for 2024–2025; contributions are limited by the…
IRA Contribution Deadlines and 2025 Limits: Stay on Track
The 2025 IRA contribution window closes April 15, 2026. Savers can contribute up to $7,000 ($8,000 if 50+).…
What Counts as Compensation for IRA Contributions and Exceptions
In 2025, IRA contributions still require taxable earned income—compensation—with limits of $7,000/$8,000. Combat pay qualifies; excluded foreign earned…
2026 Spousal IRA Rules: Contribution Limits, MAGI Phaseouts, and Eligibility
For 2025, spouses filing jointly can use the spousal IRA: $7,000 each under 50, $8,000 if 50+. Full…
How Self‑Employed Taxpayers Compute Compensation for SEP Contributions
For 2025 SEP calculations, reduce net self‑employment earnings by 7.65% employer‑equivalent tax, then apply adjusted rate (rate ÷…
2025 SIMPLE Plan Limits: $16,500 Base and SECURE Act Increases
For 2025, SIMPLE plans get higher deferral limits: $16,500 base, $3,500 catch-up (50+), and a $5,250 special catch-up…
Health Savings Account (HSA) Basics: Eligibility, Contributions, Limits
Contribute only if you had an HSA-eligible HDHP on the first day of the month, no other disqualifying…
2025 SEP IRA Limits: 25% of Net Earnings or $70,000
For 2025 the IRS raised the SEP-IRA limit to $70,000 and the compensation cap to $350,000; contributions must…
Self‑Employed Retirement Plan Contributions: SEP, SIMPLE, Qualified Plans Explained
2024 rules cap defined contribution additions at the lesser of 100% of net self‑employment earnings or $66,000; SEP…