turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
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.

No IRA deduction for Roth IRA contribution

Turbotax is not giving me any deduction for Roth IRA contribution.  According to my research, all $5500 should be deductible because my MAGI is less than $184000 and I made no other contributions to a retirement plan (though my husband did).  We are married filing jointly.  Any explanation?
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

No IRA deduction for Roth IRA contribution

Your research is incorrect. There is not now, nor has there ever been a deduction for a ROTH IRA contribution. That is one of the major differences between a Traditional IRA and a ROTH IRA.

You can find proof of that in IRS Publication 590-A at this link:
http://www.irs.gov/pub/irs-pdf/p590a.pdf
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies