AnnetteB6
Expert Alumni

Retirement tax questions

Code D in box 12 of your W-2 does indicate a contribution to a 401k plan.  Because it is indicating that a contribution was made to your 401k, you are considered to be 'covered by a retirement plan' and therefore your IRA contribution may be limited.

 

For your reference, here is the IRS definition:

 

Are You Covered by an Employer's Retirement Plan?

 

@RetinSix

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