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what is Roth ira contributions exactly?

Anonymous

∙ 10y ago

Updated: 9/27/2023

IRA contributions are used for retirement contributions. They're beneficial because when certain conditions are met, the money that is put into them won't be taxed by the government. They're based on investments, so the money in them should also grow.

Wiki User

∙ 10y ago

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Do you get a deduction for Roth IRA contributions?

No, contributions to a Roth IRA are not tax-deductible.

Do you have to report Roth IRA contributions on your tax return?

No, you do not have to report Roth IRA contributions on your tax return.

Can I claim Roth IRA contributions on my taxes?

No, Roth IRA contributions are not tax-deductible, so you cannot claim them on your taxes.

Do you have to report Roth IRA contributions on your taxes?

No, you do not have to report Roth IRA contributions on your taxes because they are made with after-tax dollars.

Is there a tax credit available for contributions made to a Roth IRA?

No, there is no tax credit available for contributions made to a Roth IRA.

Related Questions

Do you get a deduction for Roth IRA contributions?

No, contributions to a Roth IRA are not tax-deductible.

Do you have to report Roth IRA contributions on your tax return?

No, you do not have to report Roth IRA contributions on your tax return.

What are the Roth IRA guidelines?

The Roth IRA guidelines are guidelines that apply to a particular sort of IRA. For example, you cannot deduct contributions to a Roth IRA and you can make contributions after reaching the age of seventy and a half.

Can I claim Roth IRA contributions on my taxes?

No, Roth IRA contributions are not tax-deductible, so you cannot claim them on your taxes.

Do you have to report Roth IRA contributions on your taxes?

No, you do not have to report Roth IRA contributions on your taxes because they are made with after-tax dollars.

Is there a tax credit available for contributions made to a Roth IRA?

No, there is no tax credit available for contributions made to a Roth IRA.

Can I deduct Roth IRA contributions on my taxes?

No, you cannot deduct Roth IRA contributions on your taxes because they are made with after-tax money.

Can I deduct my Roth IRA contributions on my taxes?

No, you cannot deduct Roth IRA contributions on your taxes because they are made with after-tax money.

Nondeductible contributions for a roth IRA?

What's your question? It looks like you already know you cannot deduct anything for contributions to a Roth IRA.

Can I write off Roth IRA contributions on my taxes?

No, you cannot deduct Roth IRA contributions on your taxes because they are made with after-tax money.

Can you write off Roth IRA contributions on your taxes?

No, you cannot deduct Roth IRA contributions on your taxes because they are made with after-tax money.

Do you need to report Roth IRA contributions on your taxes?

No, you do not need to report Roth IRA contributions on your taxes because they are made with after-tax dollars.

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