topic If I reported on my taxes that I was going to make a Roth IRA contribution do I need do? Assume I could skip since there is no Roth deduction and pay some debt instead? in Retirement tax questions

If I reported on my taxes that I was going to make a Roth IRA contribution do I need do? Assume I could skip since there is no Roth deduction and pay some debt instead?

rwingfield87 — Mon, 09 Mar 2026 05:29:54 GMT

Re: If I reported on my taxes that I was going to make a Roth IRA contribution do I need do? Assu...

DanaB27 — Sun, 20 Feb 2022 15:31:00 GMT

It depends, you could but if you are tracking all Roth contributions in TurboTax this amount will be incorrect.

Also, if you received the Savers Retirement Credit on line 4 of Schedule 3 then you will have to either make the contribution or amend your tax return.

If you decide to amend your tax return please wait until your refund or payment is processed. Please be aware that you can e-file your 2021 amended federal tax return, but most states require amendments to be printed and filed by mail. Please see How to amend a tax return for instructions (this will be updated once the 2021 Form 1040-X is ready).

[Edited 2/20/2022 | 7:28am PST]

@rwingfield87

Re: If I reported on my taxes that I was going to make a Roth IRA contribution do I need do? Assu...

SweetieJean — Sun, 20 Feb 2022 14:58:08 GMT

However, you might have incorrectly received a Retirement Savers credit by claiming a Roth IRA contribution that you never made.