Retirement tax questions

Stop and look again.

 

AN "IRA" is not a TSP, nor a 401k, nor a 403b, nor a 457 retirement account......those other types are what Fidelity is talking about.

 

Any contributions you make thru your employer, and are showing in box 12 of your W-2....those are only entered when you put in the W-2 form....and NOT in the IRA contribution section.

 

Go back to the IRA contribution section and take those $$ out...unless you truly did make a contribution to an actual "IRA" outside of your employer...and then the 7000 limit may well apply to you.....but again

 

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*