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UPDATED FOR TAX YEAR 2019
You can contribute up to $7,000 each year (for each spouse, if married), if you're at least 50 years old, to a Roth IRA ($6,000 if you're under 50).
You do not need to include contributions to a Roth in your return because there is no deduction benefit for contributing
While Roth contributions are not reported on your tax return, it is a good idea to enter them the in the IRA contribution section anyway because TurboTax will:
To enter contributions to a Roth IRA in TurboTax, please follow these steps:
[Edited | 4/15/2020 | 1:55pm PDT]
UPDATED FOR TAX YEAR 2019
You can contribute up to $7,000 each year (for each spouse, if married), if you're at least 50 years old, to a Roth IRA ($6,000 if you're under 50).
You do not need to include contributions to a Roth in your return because there is no deduction benefit for contributing
While Roth contributions are not reported on your tax return, it is a good idea to enter them the in the IRA contribution section anyway because TurboTax will:
To enter contributions to a Roth IRA in TurboTax, please follow these steps:
[Edited | 4/15/2020 | 1:55pm PDT]
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