After seeing that I owed federal taxes this year I made a decision to make a 5K contribution to my Roth IRA. My Federal Tax due amount did not change. Should it have?

[RaifH]

No, it should not have changed your tax due unless you are eligible for the Saver's Credit. Since a Roth IRA is funded with after-tax dollars, it does not change your taxable income for this year. If you wanted to lower your taxes this year, you would contribute to a traditional IRA and your contribution would reduce your taxable income. For more information, see the differences between a Roth and a Traditional IRA here.

[fanfare]

you still have time to recharacterize the Roth contribution to a Traditional contribution.

Or withdraw it altogether.

BUT

first make sure you are eligible for a full deduction of that amount.