April 15 tax-filing and IRA deadline extended for some
Most of us have until April 15 at midnight to file our taxes and establish tax-deductible IRAs for tax-year 2007. But the IRS has extended the deadline for victims of several recent natural disasters. Folks in parts of Illinois have until May 6, those in parts of Georgia and Missouri have until May 19, and residents of parts of Arkansas have until May 27.
In addition, the IRS says, because members of the military and support personnel generally have a deadline extension until 180 days after they leave the combat zone, they also have an extension of their IRA contribution deadline. Beyond that, under the special HERO Act provision, the time window is still open for members of the military who received tax-free combat pay in 2004 or 2005 and wish to make IRA contributions for those years. The deadline for making these special back-year contributions is May 28, 2009.
Regardless of when you set up your IRA, consider in advance which works best for you: A tax-deductible, traditional IRA, or post-tax Roth IRA. Click here for our findings from Consumer Reports Money Adviser.
Posted by: Ben Jordan | Apr 11, 2008 9:24:51 PM
I am trying to get information on tankless water heaters since I am thinking about replacing my regular heater with a tankless.
I was unable to find any information on your website and need help choosing the right product.
Posted by: Tobie Stanger (Consumer Reports) | Apr 15, 2008 2:48:56 PM
You can check this URL on consumerreports.org:
http://www.consumerreports.org/cro/appliances/heating-cooling-and-air/water-heaters/waterheater-tips-205-gas-hot-water-heater-electric-hot-water-heater/overview/index.htm?resultPageIndex=1&resultIndex=1&searchTerm=tankless%20water%20heaters
Posted by: twinkz88 | May 30, 2008 11:06:54 PM
Many consumers, such as myself, are implimenting 'Green' products. And in doing so, I searched the un-biased source of product review known as "Consumer Reports". In todays economic state, everyone is pinching their pennys and looking for ways to save money on energy saving equipment/appliances. Unable to research any viable information regarding "tankless water heaters", I was very dissappointed in my findings...no reviews on brands, manufacturers, nothing.
Posted by: strategic1 | Jun 2, 2008 11:07:16 AM
Why no listings of tankless water heaters?
Posted by: strategic1 | Jun 2, 2008 11:08:49 AM
When will you review tankless water heaters?
Posted by: Tobie Stanger (Consumer Reports) | Jun 2, 2008 11:21:34 AM
Twinkz88 and Strategic1:
We are currently testing them for a report due to be published in our October 2008 issue (which means it will go online in mid-September). At the following URL on our Web site, you'll find some blog comments from tankless owners, and an invitation to participate in a survey:
http://blogs.consumerreports.org/home/2008/05/water-heaters.html?resultPageIndex=1&resultIndex=1&searchTerm=water%20heater
In the future, people interested in this topic might want to check with the Home & Garden section of our Web site. Note that the blog that you've chosen to comment on relates to income taxes.