<prompt> Human: Hello everyone,As the title suggests, I just started my taxes for last year and found out I owe about 1500. I ran a calculator on the IRS website last year and it recommended for my situation married with no children that I should claim a 2 on my W4 allowances as this would provide a good balance between a larger check coupled with a smaller return. Well, as you can see, this backfired on me, and now Im stuck owing the IRS more money instead of getting a return.While I am nearing the end of my taxes, Turbotax requested my permission to check and see if I would qualify for an IRA. This message appeared: Based on your info, you can save on taxes this year with an IRA.Opening and contributing to an IRA individual retirement account by April 18, 2017, is an easy way to deduct up to 5,500 on your taxes this year and set yourself up for a brighter future.I know what an IRA is and currently do not have one but Im trying to understand this message and how it applies to my taxes for this year. Basically what it boils down to is I would MUCH rather my money go to an IRA rather than the IRS. Is this a dollar-for-dollar deduction or how does this work and how could it help me in my current predicament?Thank you for your help.  <response>: Note this must be a tax deferred IRA and not a ROTH IRA. If you are married filing jointly you may be able to contribute more than the 5,500 but I am not certain. If you claim 2 dependents without any children you are definitely going to owe taxes, unless you have a significant amount of deductions. 