Before your clients file those 1040s, consider post-year-end planning opportunities. Although most tax planning opportunities expired in 2010, some post year-end techniques are still available.

Individual Retirement Accounts. 1) The deadline to make a 2010 deductible contribution to a traditional IRA is the client's tax filing deadline with no extensions—usually April 15, 2011. The 2010 contribution limit is $5,000, plus a $1,000 catch-up for those ages 50 and over during the tax year. Even if an individual can make the maximum contribution, deductibility may be limited or eliminated for those who are active participants in an employer-sponsored retirement plan, or who are married to someone who is. See IRS Publication 590 (2010), Table 1-2 on page 14, or at irs.gov.

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