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Are contributions to a Roth IRA deductible?

contributions deductible roth ira
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Are contributions to a Roth IRA deductible?

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No. Contributions to a Roth IRA are not deductible. Annual contributions can be withdrawn at any time without taxes or penalties. Earnings can be withdrawn tax-free and penalty-free if the five-year aging period and other requirements are met.

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No. Contributions to a Roth IRA are not deductible. Annual contributions can generally be without taxes or penalties. Earnings can be withdrawn tax-free and penalty-free if the five year aging period and other requirements are met.

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