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Retirement tax questions
But...if you are asking if you can take your 401k contributions (box 12 Code "D" on your W-2) , adn place that same $$ amount into the Traditional and Roth IRA Contributions section on teh Deductions&Credits page ??
The answer to that is a big NO ! a 401k is not an IRA...and you already would have your regular 401k contributions deducted from your taxable wages in box 1 of that W-2...so you don't get to take the deduction twice.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎February 10, 2022
7:23 AM