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Get your taxes done using TurboTax
As Terri Lynn indicated, the amount in box 1 of your W-2 minus any amount in box 11 is considered to be compensation that will support an IRA contribution. This compensation can also be used to support an IRA contribution made by your spouse if your spouse has lower compensation and you file a joint tax return.
‎November 17, 2024
2:31 PM