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Community: Investing Wiki

Term Of The Hour

IRA tax law: Original post by Alex Burke of Demand Media The Tax Increase Prevention and Reconciliation Act of 2005 effectively removed two requirements stopping many taxpayers from completing the IRA conversion process: Adjusted Gross Income (AGI) exceeding $100,000 and taxpayer filing status of married but filing separate from the spouse. With these requirements gone, any taxpayers with a traditional IRA can…

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