@VolvoGirl
Complications, always:
We are going to have to start being careful about indicating to folks that IRA contributions cannot come out of a person's paychecks, since so-called "Auto IRA" payroll deductions, have apparently started up in three states (OR, IL, CA) and perhaps more to come in the future. Certainly, they would likely be "After-tax" contributions, and I have no idea how they would show up on a W-2....perhaps in box 14, or not at all, but in a separate statement so that the person could enter those values separately as an IRA contribution in the tax return.
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A Couple articles:
The Automatic IRA at 15: Helping Americans build retirement security (brookings.edu)
State-run 'auto IRAs' gaining steam as a retirement savings solution (cnbc.com)
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
