When was the first year of the Roth IRA?

Answer The first year of the Roth IRA was 1998. The accounts were created by the previous year's Taxpayer Relief Act sponsored by Senator William Roth of Delaware. This IRA allows tax-free accumulation of... Read More »

Top Q&A For: When was the first year of the Roth IRA

When did Roth IRAs first become available?

Roth IRAs were enacted into law by the Taxpayer Relief Act of 1997. Roth IRAs use after-tax contributions, meaning you cannot take a tax deduction for that amount you contribute, but you are allowe... Read More »

When were roth iras first initiated?

Roth IRAs (initially called the "American Dream Savings Account") were signed into law on August 15, 1997, as part of the Taxpayer Relief Act of 1997. They became effective for the 1998 tax year.So... Read More »

In what year did the Roth IRA begin?

The Roth IRA was introduced in 1997 as part of that year's Taxpayer Relief Act and became available in 1998. Named after Senator William Roth of Delaware, who supported the measure in Congress, the... Read More »

What is maximum IRA to Roth IRA per year?

There is no limit on the amount that may be converted from a traditional IRA to a Roth IRA in a year. In 2010, there are also no income restrictions as to Roth IRA eligibility, and the taxes due o... Read More »