The first half of the year is in the books. It's time to take a look at your withholding and estimated tax payments. Why is this important? To avoid any potential penalty for underpayment of estimated taxes. more…
Tag-Archive for [ RMD ]
The RMD is back and is required for 2010 and all future years. Taxpayers over age 70½ must take a required minimum distribution from their IRA's and other qualified retirement plans. For 2009, the government removed the requirement for one year. more…
You've just finished filing your 2009 income tax returns, or you were too rushed and filed for an extension. And here I am talking about 2010 tax planning? Yes…I am. more…
Last week we discussed the IRA. This week we'll talk about the Roth IRA.
Who is eligible for a Roth IRA?
- You need to have earned income at least up to the amount of the contribution.
- There is a phase out for Roth IRA's based on your Adjusted Gross Income. In 2009, it is as follows: more…
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