Question: why are roth ira contributions not tax deductible?
Answer: Contributions to Roth IRAs are not deductible the year you make them: They consist of after-tax money. That is why you don't pay taxes on the funds when you withdraw them—your tax bill has already been paid. However, you may be eligible for a tax credit of 10% to 50% on the amount contributed to a Roth IRA.