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Tag: Roth IRA Incomes Limits

Roth IRA Income Limits

IRA is a distinct type of retirement account that is not taxed under the US law as long as certain conditions are met. In the United States, the tax law allows a tax discount on a partial amount of savings for retirement. The Roth IRA’s basic difference from other tax advantaged retirement plans is that instead of granting a tax break for money placed into the plan the tax break is granted on the money that is withdrawn from the plan during retirement.