Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted May 31, 2019 7:13:20 PM

I don't understand why my roth ira contribution is not deductible

0 1 919
1 Replies
Level 15
May 31, 2019 7:13:22 PM

Because it is a Roth and not a Traditional IRA.   Only Traditional IRA contributions are deductible.   Roth IRA's are always after-tax money which means that you will not pay tax when you take the money out,  since you already paid the tax.  With a Traditional IRA the money is taxed when you take it out.