When you file this year’s 1040 income tax return you may be entitled to obtain an income tax credit of up to $1,000 (up to $2,000 if filing jointly) if you make an eligible contribution to an employer sponsored retirement plan or an Individual Retirement Account. This credit is a nonrefundable tax credit. A nonrefundable credit cannot be greater than the amount of your tax liability. This credit is in addition to any IRA contribution or contributions that you may make to a qualified plan

Credit – The credit is computed based on the taxpayer’s filing status and adjusted gross income. The Internal Revenue Service provides a table that indicates an applicable percentage ranging from 10% to 50% to determine the amount of the credit.

Eligibility To be qualify for this credit, the following conditions must be met: (a) Taxpayer must have made a contribution to an IRA or qualified retirement savings plan. (b) Taxpayer must be at least 18 years of age as of December 31, 2009. (c) Taxpayer cannot be claimed as a dependent by someone else. (d) Taxpayer cannot be a full-time student. (e)Taxpayer had to be born prior to January 2, 1992. (f) The taxpayers adjusted gross income cannot exceed $27,750 if single, or $41,625 for a head of household or $55,500 if married filing jointly.

Candlestick charting is a highly powerful tool in the trading arsenal of any trader. In the last two decades, candlestick charting has become highly popular. There are many candlestick patterns that give profitable trading signals. Some are simple while other are complex. Hammer, the Hanging Man and the Spinning Top are three simple candlestick patterns that can be easily spotted. All three are different!

The first question. How do you identify whether this is a Hanging Man or a Hammer? Hammer and the Hanging Man both have a very small candle body accompanied by a long wick either on the bottom. If this type of pattern appears at the top of an uptrend with the long wick at the bottom, it is a Hanging Man. And if it appears at the bottom of an downtrend it is a Hammer.

In less than ideal cases, you might also find a small wick at the top of the candlestick. When the Hanging Man or the Hammer appears, you need to look for the confirmation on the next day.