Cooper@1960
Active Member
What is the name of your state?Ohio
I started receiving SSDI this month, my yearly benefit will be $34,134. From what I have read anything under $34,000 yearly is tax free barring any other income, that puts me $134 over the tax free amount.
If I open a Roth IRA will I be able to deduct that contribution so my yearly benefits are tax free?
I started receiving SSDI this month, my yearly benefit will be $34,134. From what I have read anything under $34,000 yearly is tax free barring any other income, that puts me $134 over the tax free amount.
If I open a Roth IRA will I be able to deduct that contribution so my yearly benefits are tax free?