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Roth IRA Option for 401(k) Accounts The 2001 Tax Act contained a provision allowing elective deferrals (contributions) to Section 401(k) plans to be placed in a Roth IRA beginning in 2006. Congress felt the tax-favored savings choices that some individuals prefer, such as Roth IRAs, should be available to 401(k) participants.   New Vehicle Tax Credits On August 8, 2005, President Bush signed the Energy Tax Incentive Act of 2005 (2005 Energy Act), which included four new alternative motor vehicle tax credits.   Retirement Plan Checkup Your retirement plan savings (that is, qualified plans and IRAs) are important to your financial well-being for several reasons. Right now, they are one of the last places you can accumulate income without currently paying tax.