how much of a tax break do i get from my roth ira
Roth IRA Tax Break. Roth IRAs do not receive a tax break that pre-tax retirement accounts such as Traditional IRAs and 401k plans receive. Pre-tax retirement accounts are funded with income that has not been taxed. These plans avoid paying tax today, but must pay income tax when he funds are withdrawn in retirement.ou paid tax on that income when you first contributed to the Roth IRA. If the withdrawal is made before age 59 and 1/2 and is only up to the amount that has been contributed to the Roth IRA then no income tax is charged. Withdrawals of contributions are tax-free.