Cynthiad66
Expert Alumni

Retirement tax questions

Your question is not specific enough.to provide an answer.  Please provide details to what information you would like.  However,  There is no deduction for the Roth because it is after taxes.

 

Profit sharing It is normally reflected on your W-2 form as a reduction in your wages reported on line 1. Since your income is reduced by the amount your employer contributed to your retirement plan, you get a tax benefit from the reduction in your taxable income. You don't need to make any additional entry outside of entering your W-2 form in TurboTax.

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