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Retirement tax questions
So you do not enter a 401k under Deductions. Just enter it from your W2, nowhere else. A 401k comes out of your paychecks pretax (meaning before taxes) and has already been deducted from the wages in box 1. And you can't deduct them again. See W2 box 1 is less than boxes 3 & 5?
March 2, 2021
8:28 AM