Roth IRA Rules You Need To Know During Tax Filing Season

BANKRATE | on Wed, Mar 15, 8:00 PM

Taxes[1] ┬╗ Investment Taxes[2] ┬╗gpointstudio/Getty ImagesYou have until the April tax-return-filing deadline to set up an IRA for the 2016 tax year. You read that right.And while it doesn't matter whether your contribution is to a traditional IRA or a Roth IRA, many taxpayers prefer the Roth. With a Roth account, you won't get an immediate tax break, but you won't pay any tax on your money when you eventually take it out.The IRS, however, has specific rules on just who can have a Roth IRA and...

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