Remember new Roth IRA rules as you look at taxes
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AEROSPACE BLOG
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Wednesday, March 3, 2010
"The April deadline for filing your income taxes is a good time to do some personal financial planning," says Shannon Affholter of Moss Adams LLP.
"One change to note this year is that income limits preventing higher-income taxpayers from converting a traditional IRA to a Roth IRA were eliminated for 2010. People converting this year will also be able to report half the income on their 2011 return and half in 2012."
"One change to note this year is that income limits preventing higher-income taxpayers from converting a traditional IRA to a Roth IRA were eliminated for 2010. People converting this year will also be able to report half the income on their 2011 return and half in 2012."
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