Which of the following statements regarding Roth IRAs is false?
A)Contributions to Roth IRAs are not deductible.
B)Qualifying distributions from Roth IRAs are not taxable.
C)Whether or not they participate in an employer-sponsored retirement plan, taxpayers are allowed to contribute to Roth IRAs as long as their AGI does not exceed certain thresholds.
D)Taxpayers who are married and file separately are not allowed to contribute to a Roth IRA.

Question

Quizplus · Accepted Answer

Taxpayers who are married and file separately are actually allowed to contribute to a Roth IRA as long as their AGI does not exceed certain thresholds. This is the false statement, so option D is the correct answer.

Which of the Following Statements Regarding Roth IRAs Is False