There is Still Time to Make Your IRA Gift to Charity
Unless an IRA is a Roth, the account owner must take yearly minimum required distributions starting at age 70½ and pay tax on the withdrawals. With the charitable IRA rollover, as it is called, the donation can count against the minimum required distribution they would otherwise be required to take.
A Fiscal Cliffhanger: The Federal Estate and Gift Tax is Holding On
Now that the fiscal cliff has been averted — at least temporarily – there is widespread confusion about the effect on estate planning of the 11th hour tax law passed by the Senate on New Year’s Eve, and by the House of Representatives one day later.
The Revival of the Energy Tax Credit
The American Taxpayer Relief Act extended the tax credit through 2013, making it retroactive to Jan. 1, 2012. So it applies to projects you did last year as well as those you take on this year.
Roth 401(k) Conversion Eligibility Expanded by Fiscal Cliff Deal
… The new rules basically let you convert everything in a traditional 401(k), including pre-tax salary deferrals, at any age, into a Roth 401(k). “They’re opening up in a major way the assets you hold that can be converted,” says Ed Ferrigno, vice president, Washington affairs, with the Profit Sharing Council of America.
Are There Any “Winners” in the Fiscal Cliff Deal?
They didn't get what they wanted …. But they got what they needed.