question on roth contribution

Forum|Forum|4 years ago
March 19, 2022
2 replies
32 views

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]

barbaraklee

Level 2

There is no tax tax deduction on Roth contributions.

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

FangxiaL

Alumni - Intuit

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

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question on roth contribution

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