April 29, 2019
![Annual Number of Returns Claiming IRA Contribution Deduction Annual Number of Returns Claiming IRA Contribution Deduction](https://www.taxpolicycenter.org/sites/default/files/fiscal-facts/ff_detailed_i.png)
Fact:
About 1.8% of all individual income tax returns claimed a deduction for IRA contributions in 2016. Following the Economic Recovery Tax Act of 1981, this share exceeded 12%, until deductible IRAs were curtailed by the Tax Reform Act of 1986.