Quote:
Originally Posted by RWebb
IIRC, this is a special one year only "sale" (subsidy) for certain income groups
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correct:
"Congress has eliminated the income limit on Roth IRA conversions. Highly-compensated taxpayers may now convert Traditional IRA accounts to Roth IRAs regardless of income. Special tax treatment for 2010 Roth IRA conversions allows taxpayers to spread the taxes due on the conversion out over two years making the tax burden much easier to handle by requiring only one-half of the taxes to be paid during 2011 and the other half of the Roth conversion taxes to be paid in 2012."