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Message
Roth IRA deduction?
Posted on 1/15/15 at 12:25 pm
Posted on 1/15/15 at 12:25 pm
I know this money is already taxed and grows tax deferred, but if you are under a certain income amount can you take a deduction on any of the money contributed for that year?
2
Posted on 1/15/15 at 12:37 pm to TigerSaint1
Posted on 1/15/15 at 12:47 pm to TigerSaint1
No deduction, but there is the retirement savings credit if you're under the AGI limit.
Retirement Savings Contributions Credit (Saver’s Credit)
Retirement Savings Contributions Credit (Saver’s Credit)
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