So I am a W2 employee (who gets taxes taken out of every paycheck) and late last year I contributed 6K (already post-tax mind you) to a Roth IRA. I was doing my taxes online today and I owe roughly $2K to the IRS but I noticed that when I mention that I contributed 6K to a Roth IRA it now says I owe the IRS $2400. Is this normal? I thought I already paid tax on the 6K contribution since it is essentially post-tax money? Any guidance or clarification would be greatly appreciated!
Submitted March 05, 2021 at 09:10PM by Splatgal https://ift.tt/3ro8fay
