Income deduction may apply with traditional IRA contributions, but not with Roth contributions. Both have earnings that are tax-deferred. Roth earnings and contributions are tax-free with qualified distributions, whereas Traditional IRA distributions are taxed at the owner’s tax rate as ordinary income. Roth contributions can be withdrawn at any time without penalty or taxation. Traditional IRA’s require mandatory distributions at 70.5 years of age; the Roth IRA does not. A person can contribute after 70.5 years old to a Roth, but not a Traditional.