To the extent the contribution is deducted from your wages reported in box 1 on your W-2 form, you are getting a deduction for the contribution, since your wages have been reduced, and that reduces your income tax.
However, the deduction has already been factored into your income as reported on your W-2 form, so you don't get an additional deduction when you prepare your tax return. In other words, all you need to do is enter your W-2 and you get the deduction automatically.
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