February 4, 2019
![Returns Deducting IRA Contributions Over Time Returns Deducting IRA Contributions Over Time](https://www.taxpolicycenter.org/sites/default/files/fiscal-facts/ff_detailed_m.png)
Fact:
In 2016, 1.8% of all individual income tax returns claimed a deduction for IRA contributions. This share was 16%, when the 1986 Tax Reform Act placed income limits on the deduction. Expanded availability of 401(k) plans have contributed to the decline.