Roth IRAs

Is my annual contribution to my Roth IRA deductible?

Answer:

No. Your annual contribution to a Roth IRA is not a deduction on your tax return. Distributions at age 70 and a half are not requires. Contributions after age 70 are allowed. Distributions are not taxable. IRA minimum distribution rules do not apply.
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Answer Provided by: CPAdirectory

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