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Deductions & credits
I have a slightly different situation. I went from full-time to part-time in 2021. My participation in my company's 401K retirement plan ended 12/31/2021. A $19.00 deduction was taken from my last 2021 pay period, which ended on 12/31/2021. However the pay date was 1/7/2022, so the company checked Box 13, which is limiting the deductions for my wife's and my IRA contributions. Should I challenge that on the grounds that the deduction was for the 2021 plan, even though paid in 2022, and I was not actually covered by the retirement plan in 2022?
‎February 20, 2023
9:39 PM