TT asks if I made a contribution to a qualified retirement plan. Is a Roth IRA a qualified retirement account? TT Sucks!

broncohayes · ‎May 12, 2021

I know a Roth is an individual retirement account - that is not the quesiton. Is a Roth IRA a qualified retirement account?

AnnetteB6 · ‎May 12, 2021

See the following article for the tax definition of 'qualified retirement plan': What is a "qualified retirement plan"?

Given that information, if you are asking in the context of being able to claim the Saver's Credit, then yes, a Roth IRA is considered to be a qualified retirement account for the purpose of the Saver's Credit.

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