topic ROTH IRA Contributions in Deductions & credits

ROTH IRA Contributions

Sunflower212 — Sun, 16 Feb 2025 00:21:16 GMT

I understand that it is not MANDATORY to add ROTH contributions to your tax return. However, I made contributions to a ROTH in 2024 but I do not want to include that info on my return. When i get to the question in TT Online asking me if I made a contribution can i just click “no”? If i click “no” will the IRS think i am lying or will the IRS not even receive that response? I know they will receive a 5498 so they will know about my contributions - I am not attempting to hide anything from the IRS, I just don’t want to add ROTH as a deduction.

Re: ROTH IRA Contributions

Bsch4477 — Sun, 16 Feb 2025 01:42:33 GMT

You don’t have to include the contribution. The question asked is only pertinent to the TurboTax program.

Re: ROTH IRA Contributions

VolvoGirl — Sun, 16 Feb 2025 01:52:18 GMT

But you should enter it so Turbo Tax can check if you were qualified to make a Traditional or ROTH IRA contribution. It won't be included on your filed return. And you might get the Savers Credit for it.

Re: ROTH IRA Contributions

4Cordelia — Mon, 14 Apr 2025 15:33:36 GMT

Where do you enter the Roth IRA contribution you plan to make before the April 15th deadline?

Re: ROTH IRA Contributions

AnnetteB6 — Mon, 14 Apr 2025 15:51:19 GMT

Go to Deductions and Credits > Retirement and Investments > Traditional and Roth IRA Contributions and select Start or Update to get started entering your Roth IRA contribution.

@4Cordelia