IsabellaG
Expert Alumni

Retirement tax questions

Both 401(k) contributions and 403(b) contributions are not included in your taxable wages, box 1 of your W-2. You don't get a separate tax deduction for those contributions, the income is deferred. You should be able to see that you are only being taxed on the amounts in box 1 of your W-2. 

 

However, if your wife's contributed to a Roth 403 (b) plan, the income is not deferred and is part of box 1 of her W-2.  You will see it in box 12 with code BB.

Can you tell me what screen this is that you are showing? Where do you see it in the TurboTax program?

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