topic question on roth contribution in Get your taxes done using TurboTax

question on roth contribution

lota12 — Mon, 09 Mar 2026 07:40:08 GMT

I decided to contribute to my roth ira I put the suggested amount but it didn't lower my taxes?

Can someone review my taxes? I am in the review status and saved my file.

Pls call me

Thanks,

Lori

[phone number removed]

Re: question on roth contribution

barbaraklee — Sat, 19 Mar 2022 04:38:46 GMT

There is no tax tax deduction on Roth contributions.

When you collect your distributions, you are not taxed on them at that time.

Re: question on roth contribution

FangxiaL — Sat, 19 Mar 2022 05:00:05 GMT

If saving taxes is your goal and your income still allows you to take a deduction, you should contribute to your Traditional IRA account. This will lower your income tax.

@lota12