Sunday, March 11, 2012

20 Tax Changes You Should Know About

Investopedia has a list of 20 tax changes. The list is mostly comprised of current year amounts for things such as personal exemptions and standard mileage rates. There is a good reminder that if you made a Roth IRA conversion in 2011, all of the resulting income must be reported this year. If you made a conversion in 2010, half of the income is reported in 2011 and the rest in 2012.

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