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Question about deducting an IRA contribution
The program said that I could get a deduction for contributing to a Roth IRA. I currently have a Roth IRA, if I make the contribution right now, will that count towards this current tax filing? And will that deduction be in the amount that I contribute. For instance, if I contribute $5000, would that directly reduce the current amount it is reporting I owe in the same amount?
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‎June 6, 2019
12:34 AM