No IRA deduction for Roth IRA contribution

novembergalsal · ‎June 1, 2019

Turbotax is not giving me any deduction for Roth IRA contribution. According to my research, all $5500 should be deductible because my MAGI is less than $184000 and I made no other contributions to a retirement plan (though my husband did). We are married filing jointly. Any explanation?

jerry2000 · ‎June 1, 2019

Your research is incorrect. There is not now, nor has there ever been a deduction for a ROTH IRA contribution. That is one of the major differences between a Traditional IRA and a ROTH IRA.

You can find proof of that in IRS Publication 590-A at this link:
http://www.irs.gov/pub/irs-pdf/p590a.pdf

No IRA deduction for Roth IRA contribution

Retirement tax questions