Do I Pay Taxes on My Earnings? - KTRE.com | Lufkin and Nacogdoches, Texas

Do I Pay Taxes on My Earnings?

 

No (provided you take the earnings as part of a qualified distribution).  That's the best part of the Roth IRA.  Unlike a traditional IRA, you cannot take a tax deduction for any of the contributions that you make to a Roth IRA.  However, when you're ready to take a withdrawal, you pay no taxes on any of the earnings that your money has generated.

 

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