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-   -   I'm lazy - easy tax question, pls answer (http://archives2.twoplustwo.com/showthread.php?t=199946)

eggzz 02-21-2005 02:37 PM

I\'m lazy - easy tax question, pls answer
 
Contributions I make to my Roth IRA -- they aren't deductible off my gross income for tax purposes are they? I totally think not, but something I read in the paper today makes me question this.

I just gave all my papers to my tax guy, but I did not give him my statement of Roth contributions.

Thx.

Stock Whiz 02-21-2005 03:22 PM

Re: I\'m lazy - easy tax question, pls answer
 
Non deductible - may qualify for a credit if your income is really low.

TN_POKER_MAN 03-02-2005 06:57 PM

Re: I\'m lazy - easy tax question, pls answer
 
Low, as in less than $15,000 or so.
Do the Roth IRA even if you don't get any current tax deductions or credits.


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