Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
jimbeck99
New Member

Should I make an IRA contribution to a REGULAR or ROTH IRA?

making a max contribution to IRA for the tax deduction. Should I contribute to my ROTH or Regular? I will be using already taxed income for the contribution.
1 Best answer

Accepted Solutions
MichaelL1
Level 15

Should I make an IRA contribution to a REGULAR or ROTH IRA?

If you want a tax deduction then you need to do a Traditional (or regular) IRA.

A Roth IRA is not deductible but also not taxable when taken out.

View solution in original post

1 Reply
MichaelL1
Level 15

Should I make an IRA contribution to a REGULAR or ROTH IRA?

If you want a tax deduction then you need to do a Traditional (or regular) IRA.

A Roth IRA is not deductible but also not taxable when taken out.

Dynamic AdsDynamic Ads
Privacy Settings
v