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New Member
posted Jan 27, 2025 9:12:04 PM

I have a separate Roth retirement account through Fidelity, can I use that towards my taxes with a standard deduction?

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1 Replies
Expert Alumni
Jan 28, 2025 5:22:54 AM

Contributions to a Roth account are considered after-tax and therefore are not deductible. However, any earnings grow tax free so when you take a qualified distribution you will not have to pay tax on it.