Deduction for Contributions. Only some contributions to traditional IRA contributions result in a tax deduction. If you and your spouse don't have retirement plans through your employer, you can always deduct your traditional IRA contribution. Employer plans include 403(b) plans, 401(k) plans or 457 plans.he amount that you save from your contribution equals your deduction amount times your marginal tax rate. For example, if you pay a 15 percent marginal tax rate, a $6,000 deduction only saves you $900. However, if you pay a 30 percent marginal tax rate, that same contribution saves you $1,800.
adj. something not yet performed or done. Examples: an executory contract is one in which all or part of the required performance has not been done; an executory bequest is a gift under a will which has not been distributed to the beneficiary.
November 21, 2011 This is an advertisement. the seller must adhere. into an executory contract for conveyance of real property to be used as the buyerâs residence. money. For example, one common form of an executory contract is a contract for deed. This is an agreement. between a buyer and seller, in which the seller keeps title and all rights to the land until the buyer has paid. the landâs full price. Sellers must adhere to a number of requirements with very limited exceptions.