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Many states require elected municipal officers to be over 18 years of age or be a registered voter in the city thereof. Montana requires mayors to be at least 21 years of age. As of November 2016, most U.S. cities with populations exceeding 200,000 required their mayor to be a registered voter in the city thereof or at least 18 years of age.
Eligibility varies by state, but typically you’ll need to meet age, location and income requirements. ... IRA limit remains $7,000, IRS. Accessed November 4, 2024. Catch-up contributions, IRS ...
Beginning in 2006, 403(b) and 401(k) plans may also include designated Roth contributions, i.e., after-tax contributions, which will allow tax-free withdrawals if certain requirements are met. Primarily, the designated Roth contributions have to be in the plan for at least five taxable years and you have to be at least 59 years of age.
The standard rule is that the qualifying "child" must be under the age of 19 at the end of the tax year. That is, the younger person can be 18 years and 364 days old on December 31 and the age requirement is met. This age limit is extended for a qualifying "child" who is also a full-time student during some part of five calendar months.
Catch-up contributions are extra contributions that you can make above and beyond the standard limit once you have reached the age of 50. ... The maximum credit is $1,000 for single tax filers or ...
For example, a contribution of the 2008 limit of $5,000 to a Roth IRA would have been equivalent to a traditional IRA contribution of $6667 (assuming a 25% tax rate at both contribution and withdrawal). In 2008, one could not contribute $6667 to a traditional IRA due to the contribution limit, so the post-tax Roth contribution may be larger.