I have rec'd TT calculations. I still want to decide IF I want to contribute to my Roth IRA. How do I know how much more I receive IF I contribute $1000-$3000?
Roth IRA contributions are not deductible, so they to not reduce your taxable income. However, a Roth IRA contribution might qualify you for a Retirement Savings Contributions Credit against your tax liability.
Roth IRA contributions are not deductible, so they to not reduce your taxable income. However, a Roth IRA contribution might qualify you for a Retirement Savings Contributions Credit against your tax liability.
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