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Georgia Teacher Retirement contributions, do I file it under itemized deductions?
On my W2, box 12a has an E and an amount for "roth". On my last paystub, my TRS contribution was a larger amount. Are they the same? Can I include the TRS amount on my taxes under pension?
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June 3, 2019
5:12 PM
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Retirement tax questions
If you have a Roth account in your 403(b) plan, then you probably have two accounts: one Roth (after-tax) and another pre-tax.
Any contributions that are pre-tax (the amount with code "E") cannot be deducted elsewhere on your return because you already derived a tax benefit (it was removed from Wages in box 1 on your W-2).
You can't deduct Roth contributions, because they are meant to be after-tax.
So, you need to enter your W-2 as is, but I don't see a reason to change your return.
Any contributions that are pre-tax (the amount with code "E") cannot be deducted elsewhere on your return because you already derived a tax benefit (it was removed from Wages in box 1 on your W-2).
You can't deduct Roth contributions, because they are meant to be after-tax.
So, you need to enter your W-2 as is, but I don't see a reason to change your return.
June 3, 2019
5:12 PM