For example, the minority of people who save diligently and at high rates for retirement, can justify making Roth contributions and foregoing current tax deductions for traditional IRA contributions. (thecollegeinvestor.com)
The House and Senate Tax Plans call for eliminating many current tax deductions like state and local income taxes. (robergtaxsolutions.com)
You receive a current tax deduction on those contributions, and your plan grows tax - deferred. (cnbc.com)