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Deductions & credits
Traditional IRAs are typically not taken out of your paycheck. But if you mean something like a 401k (or some other employer retirement plan), yes, that amount has already been subtracted from Box 1 of your W-2 (and there is usually some indication in Box 12 that shows the amount that you contributed to the employer retirement plan).
‎February 26, 2021
12:39 PM