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Can i find the section that tells me how much my taxes will reduce if my wife opens a ROTH IRA?
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Can i find the section that tells me how much my taxes will reduce if my wife opens a ROTH IRA?
Her tax will not reduce at all. Roth contributions are not deductible, only traditional IRAs
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Can i find the section that tells me how much my taxes will reduce if my wife opens a ROTH IRA?
The tax on your return will not reduce at all since a ROTH contribution is not deductible
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Can i find the section that tells me how much my taxes will reduce if my wife opens a ROTH IRA?
It might if OP qualifies for the Retirement Savings Credit.