Reduce taxes owed by contributing to ROTH IRA

[nitasmrt]

How does contribution to Roth IRA lower my taxes

[lyneout1]

It doesn't.  Roth IRA are not eligible for a tax break up front.  The difference between the two are:

1. Roth, no tax break up front but grows tax free going forward - at least until the gov't changes the law
2. Trad IRA, tax break upfront but then must pay taxes when withdrawn.

[MaryK4]

Contributions to a Roth IRA do NOT reduce taxable income.  If you contribute t a traditional IRA, you can take an above the line deduction which reduces your adjusted gross income and reduces your tax liability.