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  2. Taxpayer Relief Act of 1997 - Wikipedia

    en.wikipedia.org/wiki/Taxpayer_Relief_Act_of_1997

    The Roth IRA was initially proposed by Senators William Roth of Delaware and Bob Packwood of Oregon 1989, [2] and Roth pushed for the creation of the IRAs in the 1997 legislation. [3] The act also provided tax exemptions for retirement accounts as well as education savings in the Hope credit and Lifetime Learning Credit. Some expiring business ...

  3. Tax Increase Prevention and Reconciliation Act of 2005

    en.wikipedia.org/wiki/Tax_Increase_Prevention...

    The provision allows more taxpayers to convert from Traditional IRA to Roth IRA by removing the modified adjusted gross income (MAGI) limitation on such rollovers starting in 2010. Taxpayers who convert in 2010 may, as a special case, elect to pay tax on amounts converted in equal installments in 2011 and 2012.

  4. Roth IRA - Wikipedia

    en.wikipedia.org/wiki/Roth_IRA

    A Roth IRA is an individual retirement account (IRA) under United States law that is generally not taxed upon distribution, provided certain conditions are met. The principal difference between Roth IRAs and most other tax-advantaged retirement plans is that rather than granting an income tax reduction for contributions to the retirement plan, qualified withdrawals from the Roth IRA plan are ...

  5. Beware the retirement savings 'time bomb,' tax expert warns - AOL

    www.aol.com/finance/beware-retirement-savings...

    Provisions in the 2017 Tax Cuts and Jobs Act (TCJA) that lowered individual tax rates are scheduled to expire on Dec. 31, 2025, unless Congress acts to extend them.

  6. Tax cuts are set to expire in 2025 – Is it time to do a Roth ...

    www.aol.com/finance/tax-cuts-set-expire-2025...

    With taxes poised to rise for many after the Trump tax cuts expire in 2025, it may make sense for many savers to consider a Roth IRA conversion while the tax situation is more advantageous.

  7. How Roth IRA Contributions Are Taxed - AOL

    www.aol.com/finance/roth-ira-contributions-taxed...

    The post How Roth IRA Contributions Are Taxed appeared first on SmartReads by SmartAsset. Roth IRAs offer a tax-advantaged way to save for retirement, and they’re a popular choice among ...

  8. Tax Equity and Fiscal Responsibility Act of 1982 - Wikipedia

    en.wikipedia.org/wiki/Tax_Equity_and_Fiscal...

    Between summer 1981 and summer 1982, tax revenue fell by about 6% in real terms, caused by the dual effects of the economy dipping back into recession (the second dip of the "double dip recession") and Kemp-Roth's reduction in tax rates, and the deficit was likewise rising rapidly because of the fall in revenue and the rise in government ...

  9. How Can I Reduce My Tax Liability on a Roth IRA Conversion? - AOL

    www.aol.com/finance/reduce-tax-liability-roth...

    A Roth IRA conversion is a very good long-term plan for most households, but it comes with a large tax bill attached. You cannot avoid paying those taxes, but you can structure your conversion to ...