Last year, Congress allowed anyone to convert a 401(k) or IRA account to a Roth IRA, lifting the restriction that barred the conversion to those earning $100,000 a year or less.

Congress also allowed taxpayers to give up to $5 million to grandchildren, up from $3.5 million, without incurring the generation-skipping tax. That exemption was supposed to drop to $1 million if Congress hadn’t acted and is now scheduled to drop in 2013.

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