I lost my job mid 2017. I became a contractor so i contributed $3000 to my own Roth IRA account I opened. Why is it not eligible for deduction?
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Roth IRA contributions are never deductible on a federal tax return. Only IRA contributions to a Traditional IRA are eligible for a tax deduction.
Go to this IRS website for Roth IRA's - https://www.irs.gov/retirement-plans/roth-iras
You cannot deduct contributions to a Roth IRA.
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