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Monday, November 8, 2010

Last-Minute Tax Savings for 2010

increasing 401(k) contributions during your last few pay periods

convert a traditional retirement account to a Roth IRA

cash in long-term capital gains tax-free

If you are 70 or older, you must take distributions from your IRA, 401(k) or other retirement accounts

The enhanced American Opportunity Credit for undergraduates also expires

This is your last chance to use funds in a Coverdell Education Savings account to pay for private elementary and high school tuition.

http://www.kiplinger.com/columns/tax...-for-2010.html


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