Thanks that's what I thought when doing the research before getting a Roth but in the deduction's section it says below:
IRA contributions can lower your taxes if:
- You make a deductible traditional IRA contribution. Ex: If you’re in the 22% tax bracket and contribute $1,000 to a traditional IRA, your taxes will be cut by up to $220, even if you don’t itemize.
- You’re eligible for the Saver’s Credit. The tax benefits of this are even greater. Your $2,000 contribution to a Roth or traditional IRA will lower your tax bill by up to $1,000 each year.
