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New Member
posted Jun 1, 2019 11:07:55 AM

Can i find the section that tells me how much my taxes will reduce if my wife opens a ROTH IRA?. It came up once and now I can't find it.

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1 Replies
Expert Alumni
Jun 1, 2019 11:07:58 AM

Roth IRA's are not deductible and contributions will not lower your taxable income. 

But you might qualify to get Retirement Savings Contributions Credit (Saver’s Credit). Please see this information below:

https://ttlc.intuit.com/replies/3301263