I don't understand why my roth ira contribution is not deductible

Forum|Forum|7 years ago
June 1, 2019
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TurboTax Deluxe Online

Employee

Because it is a Roth and not a Traditional IRA. Only Traditional IRA contributions are deductible. Roth IRA's are always after-tax money which means that you will not pay tax when you take the money out, since you already paid the tax. With a Traditional IRA the money is taxed when you take it out.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**