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As you know, this year is a magical year for the Roth IRA retirement account. It is possible to convert your traditional IRA into a Roth IRA, no matter your income. However, before you jump on the Roth IRA conversion wagon, there are a few things you should consider. Here are 6 things to know about the 2010 Roth IRA conversion.

We have a complex tax code that can be quite confusing. Trying to tote up credits and deductions, and working on getting an advantage, can be time consuming work. It is not surprising, therefore, that a number of assumptions about tax filing turn out to be incorrect. And, while some filing assumptions (such as the [...]

I’m an itemizer. By the time everything is added up on Schedule A of my Form 1040, my items usually exceed the standard deduction. So I itemize. But the decision to itemize your 2009 taxes may be a little more difficult this tax time, due to the fact that there have been some interesting changes [...]

The year is drawing to a close, and many of you are probably trying to figure out what you can do to find an extra tax break or two. You probably know that you can give more to charity or try your best to make the maximum contribution to your eligible retirement plan. But there [...]

Just because you are retired from work, doesn’t mean you are retired from taxes. Where you retire can impact how much you pay in state taxes, sales taxes and property taxes.

It’s that time of year again: Spring is approaching — and so is April 15. It’s tax time, and if you haven’t got your information together, now is a good time to start collecting the documentation you need to complete and file your tax return. Even if you use a professional tax preparation service or [...]