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New Member
posted Jun 3, 2019 10:14:26 AM

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

0 3 448
3 Replies
New Member
Jun 3, 2019 10:14:27 AM

Her tax will not reduce at all.  Roth contributions are not deductible, only traditional IRAs

New Member
Jun 3, 2019 10:14:28 AM

The tax on your return will not reduce at all since a ROTH contribution is not deductible

Level 15
Jun 3, 2019 10:14:29 AM

It might if OP qualifies for the Retirement Savings Credit.