1 Suppose, for example, that we conducted a survey to estimate the average weight of high school students. 2  Since we are only working with one variable (weight), we would be working with univariate data. 3  Bivariate data.
Contributing to a traditional IRA can create a current tax deduction, plus it provides for tax-deferred growth. While long-term savings in a Roth IRA may produce better after-tax returns, a traditional IRA may be an excellent alternative if you qualify for the tax deduction. Use this traditional IRA calculator to view the amount that could be saved using a traditional IRA. Javascript is required for this calculator. If you are using Internet Explorer, you may need to select to 'Allow Blocked Content' to view this calculator.
Where to Claim the Tax Deduction. Report your tax deductible IRA contribution directly on the first page of Form 1040 or Form 1040A. You don't need to itemize to report this deduction.1  2014 Form 1040A: Line 17. 2  2014 Form 1040: Line 32.ou can contribute funds to your traditional or Roth IRA at any time during the calendar year, and you can make contributions to an IRA by the first deadline for your tax return without any extensions.