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Retirement tax questions
Thank you for getting back to me. Yes. Definitely sure I entered Box 2 Fed. Income Tax Withheld. I rechecked the form. I also deleted it and re-entered the W2 and same result. It only took the withholding from my main job's W2. (So yes, I have 2 W-2's for this return).
OK - I don't know if this has any bearing but when I entered the W-2 from this problematic one, there was a next question of: "Did you take money out of your nonqualified pension plan?" I thought this was an odd question because wouldn't the answer have to be "Yes, I took this money out of my nonqualified pension plan or section 457 plan" by the mere fact that I have a W-2??? Background information: My previous employer terminated the 457(b) plan in 2023 and I was thus forced to take the money out. OR should my answer have been "No, this is money I contributed to my nonqualified or Section 457 plan"? I mean I did contribute this money years ago when I was employed there and was allowed to keep it in my previous employer's plan when I left. So technically, the answer is both the Yes and No options but you're only allowed to pick one so I picked the Yes. And if you answer yes, it wants to know which state so I picked CT since this W-2 box 15 did say CT/with theEmployer state ID and box 16 for State wages, tips, etc. showed the same amount as in box 1. Box 17 for State income tax was $0. Hope I haven't confused you with all these details but I'm trying to give you the complete picture. Thank you very much for your time. I really appreciate it.