• Personal Tax Software
  • Professional Tax Software
  • Support & Tax Help
  • Tax Information

J.K. Lasser Daily Tax Tips

 Get the Daily Tax Tip by RSS

 
J.K. Lasser's Your Income Tax Guide

Get the full power of J.K. Lasser with TaxACT tax software!

TaxACT Deluxe comes complete with J.K. Lasser's Your Income Tax Guide, America's #1 Best-Selling tax guide.

Deluxe
Ultimate Bundle
  • Print & E-file FREE
  • Extra help & advice from J.K. Lasser's Tax Guide
  • Life events guidance
  • Free phone technical support

Best Value!

  • Print & E-file federal & state tax returns
  • Extra help & advice from J.K. Lasser's Tax Guide
  • Life events guidance
  • Free phone technical support
 Over the Web - $9.95
 Download / CD - $12.95*

(state additional charge)

 Over the Web - $17.95
 Download / CD - $19.95*

(state return included)

* CD-ROM Orders: Add $5.95 for shipping

 

Roth IRA Contributions after Age 70 1/2;

Contributions to a traditional IRA may not be made after age 70 1/2, but contributions to a Roth IRA may be made even if you are over age 70 1/2, provided you have compensation to support the contribution and your income is within the limit allowed under the Roth IRA contribution rules.


Previous Daily Tax Tips:

3/18/2010 - Roth IRA Contributions after Age 70 1/2;

3/17/2010 - IRA Contribution Based on Tax-Free Combat Pay

3/16/2010 - Restrictions on Collectibles Investments

3/15/2010 - IRA Fees and Brokerage Commissions

3/14/2010 - Favorable Recovery Rules

3/13/2010 - Simplified Method Mandatory

3/12/2010 - Deducting Repaid Pension Overpayment

3/11/2010 - Form 5329

3/10/2010 - Life Expectancy Tables

3/9/2010 - Surrender of Contract

3/8/2010 - Unforeseen Emergency Distributions

3/7/2010 - Hardship Distribution Not Subject to Withholding

3/6/2010 - Favorable Loan Rules for Midwestern Disaster Area Victims

3/5/2010 - Penalty Exception for Substantially Equal Payments

3/4/2010 - Penalty Exception for Qualified Midwestern Disaster Area Distributions

3/3/2010 - Spouse Must Consent in Writing to Your Waiver

3/2/2010 - Deferring Tax on NUA

3/1/2010 - Non-spouse Beneficiary Rollover to Inherited IRA

2/28/2010 - IRA Rollover Election Is Irrevocable

2/27/2010 - Pre-Age-591/2 Distributions

2/26/2010 - Direct Rollover to Roth IRA

2/25/2010 - Lump Sums to Multiple Beneficiaries

2/24/2010 - Pre-1974 Capital Gain Portion of Distribution

2/23/2010 - Averaging Not Allowed for Those Born After January 1, 1936

2/22/2010 - Prior Rollover Bars Averaging

2/21/2010 - Lump-Sum Distribution

2/20/2010 - Conversion of Traditional IRA to Roth IRA

2/19/2010 - Financially Troubled Insurer

2/18/2010 - Consider Taxable Transfer

2/17/2010 - Transfers to Third Parties

2/16/2010 - Interest on Marital Property Settlements

2/15/2010 - Recipient Spouse Bears Tax Consequences of Transferred Property

2/14/2010 - Parking Transactions

2/13/2010 - Bankruptcy of Qualified Intermediary

2/12/2010 - Strict Time Limits

2/11/2010 - Deducting a Loss

2/10/2010 - The Like-Class Test

2/9/2010 - Exchanging Depreciable Realty Subject to Depreciation Recapture

2/8/2010 - Formalize Loan With Relative

2/7/2010 - Debt Worthless Before Due

2/6/2010 - Nonbusiness Bad Debt

2/5/2010 - Accounts and Notes Receivable

2/4/2010 - Selling Before the Security Becomes Worthless

2/3/2010 - Taxable Boot Received in Exchange

2/2/2010 - Installment Notes in Marital Transfer

2/1/2010 - Charging Minimum Interest

1/31/2010 - Installment Reporting on Escrow Allowable

1/30/2010 - Contingent Sales

1/29/2010 - IRS Notice of Related Party Transfer

1/28/2010 - Installment Sale to Relative


The Daily Tax Tip content is provided by America's all-time best selling tax guide, J.K. Lasser's™ Your Income Tax Guide by John Wiley & Sons, Inc. Tax advice provided by The Daily Tax Tip shall not be construed as a substitute for the advice obtained or given by a certified tax professional.