View Full Version : I'm lazy - easy tax question, pls answer

02-21-2005, 02:37 PM
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.


Stock Whiz
02-21-2005, 03:22 PM
Non deductible - may qualify for a credit if your income is really low.

03-02-2005, 06:57 PM
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.