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Wojos5
Returning Member

roth irA

Both husband and  i contributed  7000.00 each for roth ira, says 0 deduction. I DONT BELIEVE THIS IS CORRECT. Please advise

 

 

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2 Replies

roth irA

Contributions to a Roth IRA are not deductible.  Only contributions to a Traditional IRA may be deductible on a tax return.

Go to this IRS website for information on Roth IRA's - https://www.irs.gov/retirement-plans/roth-iras

  • You cannot deduct contributions to a Roth IRA.
Wojos5
Returning Member

roth irA

thank you

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