Archive for April, 2010

Still Time To Save On Taxes

Tuesday, April 20th, 2010

Flooding is never a good thing, but recent flooding in Massachusetts does have one positive consequence.

If your home is located in a “flood zone,” you have an extension to May 11, 2010 to make a 2009 contribution to your qualified retirement plan or IRA.  

In other words, you can still lower your tax bill by making a contribution to your 401(k) plan or other qualified plan.  Or you can still take advantage of a Roth IRA or Roth 401(k) plan and have your contribution count toward 2009.