Explore the 1,000’s of tax questions answered by professionals.

Back to list

QUESTION DETAIL

Related User

Votes

What is the difference between a non-deductible IRA and a Roth IRA?


ANSWER


The BIDaWIZ Team's Answer:

Both nondeductible IRA and Roth IRA contributions are made with after-tax funds. The only difference is that the nondeductible earnings are taxable when distributed or converted. Roth IRA earnings grow tax-free.

The BIDaWIZ Team

 

 

  • Currently 4.6190/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
1547 Ans.