https://ttlc.intuit.com/community/retirement/discussion/this-question-cannot-be-answered-without-a-lot-more-infor/01/523650#M48738 <P>This question cannot be answered without a lot more information. &nbsp;You may be in a position&nbsp;where you cannot take a deduction for contributions to a traditional&nbsp;IRA; or your marginal tax rate may be different from another where one person might save 15 cents on the dollar and another more. &nbsp;The best way to see your savings is to add in the amount you think you may contribute and see the change, and then take it out if you are not going to make the contribution by the deadline.</P> Wed, 05 Jun 2019 03:24:04 GMT sceptre2017 2019-06-05T03:24:04Z https://ttlc.intuit.com/community/retirement/discussion/i-am-retired-if-i-put-1500-00-into-an-ira-how-much-of-a-deduction-can-i-get-from-this-for-2016/01/523644#M48737 Wed, 05 Jun 2019 03:24:03 GMT https://ttlc.intuit.com/community/retirement/discussion/i-am-retired-if-i-put-1500-00-into-an-ira-how-much-of-a-deduction-can-i-get-from-this-for-2016/01/523644#M48737 linsey4 2019-06-05T03:24:03Z https://ttlc.intuit.com/community/retirement/discussion/this-question-cannot-be-answered-without-a-lot-more-infor/01/523650#M48738 <P>This question cannot be answered without a lot more information. &nbsp;You may be in a position&nbsp;where you cannot take a deduction for contributions to a traditional&nbsp;IRA; or your marginal tax rate may be different from another where one person might save 15 cents on the dollar and another more. &nbsp;The best way to see your savings is to add in the amount you think you may contribute and see the change, and then take it out if you are not going to make the contribution by the deadline.</P> Wed, 05 Jun 2019 03:24:04 GMT https://ttlc.intuit.com/community/retirement/discussion/this-question-cannot-be-answered-without-a-lot-more-infor/01/523650#M48738 sceptre2017 2019-06-05T03:24:04Z