Rachel_W
Expert Alumni

Retirement tax questions

No, contributing to a Roth IRA does not reduce the amount of taxes you have to pay on your current year Tax Return.

Unless, as dmertz pointed out below, you are eligible for the Retirement Contribution Savings Credit.  Please click the link to this TurboTax FAQ for more information  What is the Savers Credit?

[Edited 3/20/19|12:43PM]