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The Domestic Production Activities Deduction The American Jobs Creation Act of 2004 authorized a deduction based on income attributable to certain manufacturing and production activities conducted in the U.S. (the domestic production activities deduction, or DPAD).   IRS Releases Its Dirty Dozen for 2007 The IRS recently issued its Dirty Dozen for 2007, which is the latest installment of the annual tally of the most notorious tax scams, and warned people not to fall for schemes peddled by scamsters.   Retirement Savings Contributions for 2007 There is still ample time to plan for your 2007 retirement savings contributions. You can contribute up to $4,000 ($5,000 if you are age 50 or older by year-end) to your IRA in 2007 if certain conditions are met.