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Minimize your taxes now through a deduction. The Traditional IRA allows you to defer taxes on earnings on your contributions until they are withdrawn. This is a tax-deferred investment with a possible tax deduction.
Minimize your taxes in the future with tax-free earnings. The Roth IRA allows only nondeductible contributions and features tax-free withdrawals for certain distribution reasons after a 5 year holding period. Since Roth IRA contributions are nondeductible and taxed in the year they're earned, if you expect to be in a higher tax bracket when you retire, you may benefit more from a Roth IRA than from a Traditional IRA.