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
Roth Phase-Out. The IRS applies a different set of phase-out rules to Roth IRAs than to traditional IRAs. For a married couple filing jointly, each spouseâs contribution limit is gradually reduced to zero as the coupleâs AGI increases from $173,000 to $183,000. Once their AGI exceeds $183,000, neither spouse may add money to a Roth IRA.