3439344
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

beau_a05
New Member

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

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
KeshaH
Expert Alumni

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

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.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question