JamesG1
Employee Tax Expert

Deductions & credits

W-2 box 13 'retirement plan' on just one W-2 on the tax return may limit your ability to get tax incentives for other retirement plans like a traditional IRA.

 

Please see this TurboTax Best answer

 

"Form W-2, Box 13


The “Retirement plan” indicator in Box 13 shows whether an employee is an active participant in your company’s plan. If this box is checked, it lets the recipient know that depending on their filing status and modified adjusted gross income, they may not be entitled to a full deduction for their traditional IRA contributions."  See this IRS publication.

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