SIE Exam Question 307: Answer and Explanation

Question: 307

Helen opened a Roth IRA last year and wants to know what part of this year's contributions she can deduct. The answer is

• A. she can't deduct any amount.
• B. she can deduct 100%.
• C. it depends on her age.
• D. it depends on her income.

Correct Answer: A

Explanation:

A -Roth contributions are always made with after-tax dollars and are never tax-deductible.