* Say "Yes" to the Dress?--A businessperson can deduct the cost of special clothing used to perform the job or needed for safety. But deductions are not permitted if the clothing is suitable for everyday wear. In a new case, a concert pianist purchased gowns, dresses and accessories to wear at her concerts. Although she did not wear any of the items outside of the venues where she performed, others might. Therefore, the district court in New York disallowed deductions for the items.

* Roth IRA Limits--In 2010, a traditional IRA owner can convert to a Roth IRA, even if his or her AGI exceeds $100,000. But remember that limits on contributions to Roth IRAs will continue to apply. For 2009, contributions are not available to joint filers who have an AGI of $176,000 or more; $120,000 for single filers. If you qualify, you have until April 15, 2010, to make a maximum Roth IRA contribution of up to $5,000 for the 2009 tax year ($6,000 if you're age 50 or older).

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