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Are Dividends In Roth IRA Taxable?

Wednesday, March 5, 2014
Category: Wills, Trusts and Estate Litigation

Do I have to pay taxes on dividends received in my Roth IRA?

Nope. Whatever you invest in a Roth IRA grows free of taxes on capital gains and dividends. Your ultimate withdrawals will not be taxed, either-if you follow the rules.

Traditional IRAs offer different benefits. The qualified contributions you make to them reduce your taxable income, thereby giving you a tax break up front. But upon withdrawal, gains and dividends are taxed at your ordinary income-tax rate.

Reference: The Motley Fool, Philadelphia Daily News (March 4, 2014)

Filed Under: Retirement Plans; Taxation

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