Frequently Asked Questions - March 2010 What tax credit is available for geothermal heat pumps? 30% of the cost.  For more info on new energy credits, go to EnergyStar.gov.     Starting in 2010, taxpayers with higher gross incomes will be allowed to convert a traditional IRA to a Roth IRA.  The income taxes due on the 2010 conversion can be spread over two years.  I know Roth IRA's may not be for everyone, but would this rule change be beneficial for me? It's always best to make an informed decision and if you have a question about what's right in your particular situation, it might be a good idea to consult with one of our professionals before converting your traditional IRAs.  Call our office (260) 356-1040 or e-mail your accountant to discuss your situation. Back to home page