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kostrukoff
New Member

Can i find the section that tells me how much my taxes will reduce if my wife opens a ROTH IRA?

 
3 Replies
Anita01
New Member

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

Anita01
New Member

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
SweetieJean
Level 15

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.
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