http://www.rothira.com/
Starting in 2010, the existing $100,000 income test for converting a traditional IRA to a Roth IRA no longer applies. Conversions that occur in 2010 will be able to have half of the taxable converted amount taxed in 2011 and the other half taxed in 2012. (On May 17, 2006, President Bush signed the Tax Increase Prevention and Reconciliation Act of 2005 into law. This tax bill included a provision dealing with conversions of traditional IRAs to Roth IRAs.) Since Roth conversions increase tax revenues, it seems unlikely that the previous income ceiling will be reinstated anytime soon.
Starting in 2010, the existing $100,000 income test for converting a traditional IRA to a Roth IRA no longer applies. Conversions that occur in 2010 will be able to have half of the taxable converted amount taxed in 2011 and the other half taxed in 2012. (On May 17, 2006, President Bush signed the Tax Increase Prevention and Reconciliation Act of 2005 into law. This tax bill included a provision dealing with conversions of traditional IRAs to Roth IRAs.) Since Roth conversions increase tax revenues, it seems unlikely that the previous income ceiling will be reinstated anytime soon.