Braxton and Kaih both work for XYZ Corporation where Braxton earns $$73,000,$ and Kaih earns $$65,000.$ XYZ Corporation does offer a retirement plan for its employees. Braxton and Kaih have three$-$year old twin daughters named Trisha and Tasha. The following is information related to their taxes for the current tax year:

Gross income

$$138,000$

Braxton's Traditional IRA contribution

$$2,000$

Kaih's Traditional IRA contribution

$$2,000$

Total itemized deductions

$$29,700$

Child Credit per child

$$2,000$

Standard deduction

$$27,700$

Marginal tax rate

$22$ percent

Approximately how much will Braxton and Kaih save in taxes as a result of their IRA contributions?