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Get your taxes done using TurboTax
No. It's not. An employment expense is a deduction that is mandated due to employment no matter where you are employed. Any nontaxable contributions to a retirement plan have already been excluded from box 1 taxable wages on your w2. The information in box 14 is informational to let you know what the contributions were. The box 14 code should be "Other not classified."
As @JulieS states you can use the box 14 amount that is contributions to a retirement plan (not an IRA) to make a claim for the retirement savings credit. Here are the steps she posted again if you need.
"If the amount is definitely a retirement contribution, you can enter it as such to get credit for the Retirement Savings Contribution credit. Do not enter it as an IRA contribution.
- Select Federal from the left side menu.
- Select Deductions and Credits toward the upper left.
- Expand the list and scroll down to Retirement and Investments.
- Expand the section and click Start or Revisit to the right of Retirement Savings Contribution Credit.
- Click Continue.
- On the screen, Let us know if you made any additional contributions to qualified retirement accounts, enter the amount in Additional contributions.
- Click Continue and answer the remaining questions in the section. "
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