topic Re: Retirement IRA Deduction in Get your taxes done using TurboTax

Retirement IRA Deduction

LMH3 — Mon, 09 Mar 2026 11:39:54 GMT

How much of my Roth IRA contribution is deductible in 2021?

Re: Retirement IRA Deduction

macuser_22 — Wed, 06 Apr 2022 22:42:47 GMT

None. Only Traditional IRA contributions are deductible, Roth are not.

Re: Retirement IRA Deduction

JulieS — Wed, 06 Apr 2022 22:48:32 GMT

Roth IRA contributions are never deductible, but you may get the Retirement Savings Contribution Credit for your contribution. If you want a deductible IRA, you should set up a Traditional IRA.

Re: Retirement IRA Deduction

LMH3 — Wed, 06 Apr 2022 23:17:30 GMT

Thank you, Julie. In order to receive the Retirement Savings Contribution Credit, do you have to have taxable income? For instance if line 16 says zero, then you can't take any Retirement Savings Contribution Credit?

Re: Retirement IRA Deduction

DawnC — Wed, 06 Apr 2022 23:22:45 GMT

Correct. It is a non-refundable credit, so you do not get any benefit if you have a zero tax liability Line 16. What is the Saver's Credit?