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Deductions & credits
Having taken a ROTH IRA distribution does not limit your ability to make contributions to your ROTH IRA. Also, since contributions to a ROTH IRA are not deductible for tax purposes, the contributions have no effect on your income tax in the year you make them.
The same is true of traditional IRA's, accept that distributions are taxable and contributions are tax deductible.
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March 30, 2022
7:14 PM
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