Roth IRA Tax Rules

The Roth IRA tax rules are not the same as other IRA tax rules. Roth IRA tax rules are unique. The Roth IRA tax rules on distributions of Roth IRA make Roth IRA a more attractive individual retirement account than all other IRAs.

Roth IRA tax rules on distributions are:

If you distribute Roth IRA contributions by the time you file your tax return, the Roth IRA contributions are considered never made and you will not owe any taxes. If you have an extension to file your tax return, you can with draw your Roth IRA contributions by the time of the extension tax filing. Roth IRA tax rules say that distributions of Roth IRA contributions in this manner are tax free. However, earnings on the Roth IRA contributions must be included in your income for the year of your Roth IRA contributions.

More Roth IRA tax rules are included in the Roth IRAs resources below. 

• Tax on distribution
• Roth IRA rules and penalties
• Recognizing a Roth IRA loss
• Penalties of Roth IRA
• IRS & Roth IRAs
• Roth IRA Withdrawal Tax Free