Remember new Roth IRA rules as you look at taxes

“The April deadline for filing your income taxes is a good time to do some personal financial planning,” says Shannon Affholter of Moss Adams LLP.

“One change to note this year is that income limits preventing higher-income taxpayers from converting a traditional IRA to a Roth IRA were eliminated for 2010. People converting this year will also be able to report half the income on their 2011 return and half in 2012.”