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Why did I receive a $200 tax break from contributing to a Roth IRA?

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Why did I receive a $200 tax break from contributing to a Roth IRA?

You are correct, you wouldn't normally receive a tax deduction for a Roth IRA Contribution.

However, you may have qualified for the Retirement Savings Contribution Credit.

Click this link for more info about the Retirement Savings Contribution Credit.

[Edited 03/04/2022 12:54 pm]

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Why did I receive a $200 tax break from contributing to a Roth IRA?

You got the Retirement Savings Contributions Credit (Form 8880).

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