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Deductions & credits
Yes, that is what i thought as well, but i have a roth 401k and i noticed that my box 1 amt was lower than the box 16,18 amount so i dug further. What i found was, with Roth 401Ks, the company match is actually into a Traditional 401K. So that is the part that is pre-tax contrib, the company match. When you have a Roth IRA and company match, you will actually have 2 types of 401Ks, one Roth for your contribs and one trad for the company matches. So i learned something new. Yay.
‎April 16, 2023
7:01 AM