Tax Policy Center

Fiscal Facts

January 15, 2018
Annual IRA Contribution Deductions
Fact: 
The share of all returns claiming a deduction for IRA contributions was about 1.8% in 2015, the lowest in 30+ years. Following the 1981 Economic Recovery Tax Act, and before the 1986 Tax Reform Act, this share exceeded 12% between 1982 to 1986.