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bursaw
New Member

Is amount reported in box 12 AA a tax deduction? This amount is included in Box 1

Box 12 AA is for a 401(k) Roth, but it is taxed and included in my income in Box 1, why isn't Turbo Tax giving me a tax deduction for it?

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3 Replies
TomD8
Level 15

Is amount reported in box 12 AA a tax deduction? This amount is included in Box 1

Roth 401K contributions are included in income and are not deductible.  

**Answers are correct to the best of my ability but do not constitute tax or legal advice.
bursaw
New Member

Is amount reported in box 12 AA a tax deduction? This amount is included in Box 1

Thank you. I thought that pension contributions that are taxed at source were tax deductions. Is it because this is 401K instead of traditional?

Is amount reported in box 12 AA a tax deduction? This amount is included in Box 1

Roth contributions are after-tax money and never deductible.  It is only reported on your W-2 - no where else.   A regular 401(k) would have been excluded from your W-2 box 1 income by your employer, a 401(k) Roth (designated Roth) is not.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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