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Regarding 408p SIMPLE, do I include my employer's contribution to "your total 2024 traditional IRA contribution"?
On 12a of my W-2 my employer contributed $1832 to my 408p SIMPLE plan. This was deducted from my total wages and entered in line 1. My retirement statement shows I added $3760 to my SIMPLE plan which includes the employer contribution. What do I enter under "your total 2024 traditional IRA contribution"? Do I include the amount my employer contributed or subtract that from the $3760?
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March 12, 2025
5:43 PM