- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
IRAs are NOT qualified workplace plans (like 401ks, 403bs and others). The contribution limit for an IRA is $7000, or $8000 if over age 50.
Contributions to a workplace plan are automatically recorded on your W-2, they are not entered anywhere else. Only indicate that you made IRA contributions if you actually have a private (individually owned) IRA and made contributions.
‎January 23, 2025
8:43 PM