2007-04-02 18:51:07 · 6 answers · asked by jeffreyinkuwait 1 in Business & Finance ➔ Investing
No, you can't claim Roth IRAs on your taxes. So, you can contribute for 2006 even though you're done filing.
Roth IRAs grow tax free and tax free when you withdraw.
TRADITIONAL IRAs are tax deductible meaning you can claim it for deductions so you can get a higher return every year.
2007-04-03 00:09:58 · answer #1 · answered by Geeeyaaa 4 · 0⤊ 1⤋
No, just before April 15 and no need to file an ammendment since this is a Roth IRA and not a standard IRA. The whole thing about the standard IRA is you can deduct that amount off your taxes and then pay later when you withdrawl. You don't get to deduct from a Roth IRA, because the money going in has been taxed, yet the money going out won't be taxed.
2007-04-03 03:20:48 · answer #2 · answered by gregory_dittman 7 · 0⤊ 0⤋
No, it's not too late. As long as you make your contribution before April 15, you can file an amended tax return.
2007-04-03 01:59:11 · answer #3 · answered by cool_breeze_2444 6 · 0⤊ 0⤋
No, but you have to get it in before the 15th of April.
2007-04-03 01:57:06 · answer #4 · answered by Anonymous · 0⤊ 0⤋
not too late. file by April16 with a 1040amended form or 1040EZ amended form.
2007-04-03 02:00:18 · answer #5 · answered by meeka c 1 · 1⤊ 0⤋
you can do it by April 15th and do an ammendment by then! Good luck!
2007-04-03 02:00:52 · answer #6 · answered by RN Passion Diva 2 · 0⤊ 0⤋