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kostrukoff
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Why does my tax amount not change after I put in the information for my wife's ROTH IRA investment?

 
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‎June 1, 2019 11:08 AM
last updated ‎June 01, 2019 11:08 AM
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SweetieJean
Level 15

Why does my tax amount not change after I put in the information for my wife's ROTH IRA investment?

A Roth is never deductible.  But its earnings are taxfree.

If your income is low enough, though, it might qualify for the Retirement Savings Credit.

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-savings-contributions-save...

‎June 1, 2019 11:08 AM
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