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January 28, 2025
Question

I have a separate Roth retirement account through Fidelity, can I use that towards my taxes with a standard deduction?

  • January 28, 2025
  • 1 reply
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    1 reply

    January 28, 2025

    Contributions to a Roth account are considered after-tax and therefore are not deductible. However, any earnings grow tax free so when you take a qualified distribution you will not have to pay tax on it.