Roth contribution

Because my husband does not contribute to a retirement plan, I was told that I might be able to deduct my Roth ira contributions even though our income exceeds the maximum. Is this true? If so, please show me how.

posted

A Roth IRA is an after-tax instrument; that is, you cannot deduct contributions to a Roth IRA.

This is so that when you take the money out of the Roth IRA (at the proper time) that neither the original contributions nor their earnings are taxable to you.

You may be able to contribute to the Roth (I don't have enough information on your situation to know), but you wouldn't be able to deduct it in any case.