topic Which IRA account should I open to reduce the 2100 I owe in federal taxes. in Retirement tax questions

Which IRA account should I open to reduce the 2100 I owe in federal taxes.

pinetreestl — Wed, 17 Mar 2021 20:37:07 GMT

MaryK4 — Wed, 17 Mar 2021 20:49:22 GMT

You will need to contribute to a traditional IRA. If you qualify, the deductions reduce your income.

fanfare — Wed, 17 Mar 2021 22:37:45 GMT

Do not open an IRA to reduce your income tax.

You must put in many times more than you get back in a refund.

Then where are you? You can't touch that money you put in there.