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Retirement tax questions
@quazinahmed wrote:
Yes, there are dollar amounts for both D entries. I was thinking of adding them as well, but didn't see any documentation that I could find. Thanks.
Do not add the two amounts together. Each Code D is entered separately as shown on your W-2
IRS W-2 Instructions - https://www.irs.gov/pub/irs-pdf/iw2w3.pdf
If any elective deferrals, salary reduction amounts, or nonelective contributions under a section 457(b) plan during the year are make-up amounts under the Uniformed Services Employment and Reemployment Rights Act of 1994 (USERRA) for a prior year, you must enter the prior year contributions separately. Beginning with the earliest year, enter the code, the year, and the amount. For example, elective deferrals of $2,250 for 2020 and $1,250 for 2021 under USERRA under a section 401(k) plan are reported in box 12 as follows.
D 20 2250.00, D 21 1250.00. A 2022 contribution of $7,000 does not require a year designation; enter it as D 7000.00. Report the code (and year for prior year USERRA contributions) to the left of the vertical line in boxes 12a through 12d.