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.
01501
1 Best answer
MichaelL1
Level 15
Jun 4, 2019 2:04:10 PM
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.
1 Replies
MichaelL1
Level 15
Jun 4, 2019 2:04:10 PM
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.