Magazine

Table: Tax Tips for the New Era


POSTPONE INCOME

With rates falling, deferred compensation will face lighter taxes

SAVE FOR COLLEGE

State-backed "529 plans" and education IRAs get new breaks

BOOST YOUR PENSION

Higher savings limits for 401(k)s and IRAs, plus new Roth 401(k), help your nest egg grow

CHECK YOUR WILL

Higher exemptions for estate taxes may tilt your bequests out of balance

GIVE GIFTS

People can make bigger tax-free gifts

STAY ALERT

New law's phase-ins and phase-outs mean uncertainty for your finances


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