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winman4053
New Member

Why am not receiving a tax deduction if I purchase a roth IRA before 4/15/2019?

 
2 Replies
DoninGA
Level 15

Why am not receiving a tax deduction if I purchase a roth IRA before 4/15/2019?

Roth IRA contributions are not tax deductible.
MinhT
Expert Alumni

Why am not receiving a tax deduction if I purchase a roth IRA before 4/15/2019?

Contributions to a Roth IRA are not tax deductible. Only contributions to a Traditional IRA are deductible.

Please read this IRS document:

https://www.irs.gov/retirement-plans/roth-iras

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