The 7 tax deductions you shouldn't overlook
Retirement
Credit: safepatientproject.org
The American Taxpayer Relief Act of 2012 allows taxpayers to roll over funds from a regular 401(k) retirement account into a Roth account under the same plan. For people with IRAs, some miss the opportunity to contribute to it and don't realize that it's a deduction that doesn't need to be funded by Dec. 31 of the tax year, says Neil Johnson, a CPA in Northbrook, Ill., who blogs about taxes at TheTaxDude.com. Taxpayers have until April 14 of the following year to fund their IRA.
Other Slideshows
Photos: Rolling Thunder rolls through Louisville
Abandoned dog found padlocked to guardrail on Texas highway
Photos: Active volcano in Mexico
Peek Inside: Stan Musial's $1.8M home for sale
Flowers, gardens bloom at London flower show
Photos | Kellie Pickler named 'DWTS' champ
