Tuesday Tax Time: Roth IRA Conversions for High Incomers (Part I)

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Tax payers who have $100k or more in income can’t convert their regular IRA to a Roth.  At least, that used to be true… that rule is now set to expire on December 31, 2009.  And if you were married filing separately, you had to live apart for the entire year before you could be eligible to transfer your regular IRA into a Roth.  But that too will be changing on January 1.

And there are other tax planning issues to consider, so stay tuned over the next couple of Tuesday Tax Times to see what you should be considering NOW!

(Read Part II and Part III too)

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