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New Member
posted Feb 12, 2023 1:22:26 PM

What does (after-tax additional contributions) mean? I did open a Roth IRA this year. But idk if that’s what it means

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2 Replies
Expert Alumni
Feb 12, 2023 1:31:26 PM

Yes, the contribution to a Roth IRA would be after-tax contributions. Therefore, you can withdraw contributions you made to your Roth IRA anytime, tax- and penalty-free

 

Level 15
Feb 12, 2023 8:23:25 PM

I suspect that this is a question that is appearing the Retirement Savings Contributions Credit section of TurboTax.  If so, this question is asking if you made any after-tax contributions to an employer plan like a 401(k), not anything about contributions to a Roth IRA.