The Roth IRA Conversion Window – A Planning Opportunity
July 29, 2009 |
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Beginning January 1, 2010, for the first time, there will be temporary lift of the income limits on Roth IRAs. That means anyone can start a Roth IRA, or convert their current traditional IRAs into Roth IRAs, regardless of income levels.
There is usually an income cap on the Roth IRA.
Childcare Expenses and Credits
July 15, 2009 |
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Many parents who work or are looking for work must arrange for care of their children under 13 years of age during the school vacation.
Here are five facts the IRS wants you to know about a tax credit available for child care expenses. The Child and Dependent Care Credit is available for expenses incurred during the lazy hazy days of summer and throughout the rest of the year.
Tax Breaks Expiring in 2009
July 10, 2009 |
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With all the provisions, expirations and extensions in the tax code, it is difficult to keep track. Here is a snapshot of some of the provisions set to expire this year: