8 smart year-end tax moves
7. Convert to a Roth IRA
If you’re thinking about converting some of your traditional IRA money to a Roth IRA, now is the time to do it. You’ll owe income taxes at your ordinary tax rate on any amount you convert by December 31 when you file your 2012 taxes, but you have up until October 15, 2013, to change your mind and undo the conversion.