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New Member
posted Jun 4, 2019 2:48:11 PM

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

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2 Replies
Level 15
Jun 4, 2019 2:48:12 PM

Roth IRA contributions are not tax deductible.

Expert Alumni
Jun 4, 2019 2:48:14 PM

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