Question

I have a question about reporting Roth IRA contributions — Can I get direction on how to report Roth IRA contributions on my return?

Answer

Regarding how to report Roth IRA contributions, Roth contributions aren’t tax-deductible, so reporting Roth IRA contributions on your return isn’t an issue.

However, you might be eligible for the Saver’s Credit based on your Roth IRA contributions. To learn more, see the instructions for Form 8880.

Related Topics

Related Resources

Freelance Income Tax

Learn more about freelance income tax with advice from the experts at H&R Block.

Social Security Income Tax

Learn more about social security tax and how it affects your income and benefits from the tax experts at H&R Block.

Deferred Compensation Isn’t Just for Pro Athletes and CEOs…

Join H&R Block as we dig into the the mystery of deferred compensation plans for everyday people and the ultra-wealthy.

How Do I Calculate Cost Basis for Real Estate?

Did you sell property over the past tax year? Find out from the experts at H&R Block how to calculate cost basis for your real estate.