Explain Traditional IRA and Roth IRA contributions

[ToddL]

If you are qualified to contribute to an IRA, you get an immediate tax break with a Traditional IRA contribution but have to pay tax on all future withdrawals. 

You don't get an immediate tax break with a Roth IRA contribution, but won't have to pay tax on future withdrawals.

See the following for more details:

https://ttlc.intuit.com/replies/3300134