MargaretL
Expert Alumni

Retirement tax questions

No, it is not deductible.  Since the contributions are made with the pre-tax dollars, there is no tax deduction allowed for the contributions. However, you do receive a tax benefit for the contribution by having them pre-tax, the benefit is reflected on your W-2.  As long as you have entered W-2 into TurboTax, that's all you have to do.