Tax Tips
Home and Family Taxes
another IRA query | another IRA query |
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I understand that you never have to take $$$ out of a ROTH IRA (ie: minimum distribution). So, if I move $$$ from an IRA to a Roth IRA (and pay the taxes of course) does this also reduce the minimum distribution required at age 70 1/2? If so, then if all your IRA $$$ was in Roth IRAs when you are 70 1/2 there Read Entire Article |
While nobody likes filing tax returns, most people are rewarded handsomely for their efforts: About 75% of taxpayers get a refund, according to the Internal Revenue Service. In 2005, the average refund rang in at more than $2,000, a nice chunk of change.
| AP - More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday. | |
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