Thanksgiving's still two weeks away: You're getting ready for Black Friday, not April 15. But all those one-day deals pale next to what you could save on your taxes by taking a few smart steps before Dec. 31. In part two of this report, we offer four more ways to help your bottom line on April 15.
Although you contribute after-tax money to a Roth, the withdrawals are tax-free, giving Roths an advantage over traditional IRAs. And from now till year-end, several unique conditions apply that make converting from a traditional IRA to a Roth even more advantageous.