The current age of the universe is estimated to be 13.75 billion years. Obviously we can't detect light from before the beginning of the universe, because there wasn't any, so the oldest light we could possibly detect would be 13.75 billion years old.
However for the first 380,000 years the universe was opaque to light so we can't detect any light older than about 13.4 billion years. The cosmic microwave background is this age (in fact it dates from the moment that the universe stopped absorbing all light) so it's the oldest light we can observe.
A billion years ago the universe was only 12.75 billion years old, so the oldest light we could observer (i.e. the CMB) would be about 12.5 billion years old.