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  #1  
Old 02-21-2005, 02:37 PM
eggzz eggzz is offline
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Join Date: Jan 2004
Location: Medina, OH
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Default 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.
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Old 02-21-2005, 03:22 PM
Stock Whiz Stock Whiz is offline
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Default Re: I\'m lazy - easy tax question, pls answer

Non deductible - may qualify for a credit if your income is really low.
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  #3  
Old 03-02-2005, 06:57 PM
TN_POKER_MAN TN_POKER_MAN is offline
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Default 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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