Question: are ira contributions tax deductible in 2018?
Answer: Contributions to an IRA may be eligible for a tax deduction, up to the annual contribution limit, which is $5,500 for the 2018 tax year or $6,500 if you're 50 or older. Even better, this is an "above-the-line" deduction, meaning that you can take advantage even if you don't itemize.