No, your PERA is not considered an IRA contribution. The employer put the the amount if box 14 just for reconciliation purposes but it is not a deduction that you can take separately on your tax return as an IRA contribution. Please do not enter the amount from box 14 as a separate entry in Deductions & Credits section, IRA contributions. All you have to do is to enter your W-2 form exactly as it appears.
However, be sure to go to Deductions & Credits and visit Retirement Savings contribution credit, you may be able to qualify for the credit.
- Federal Taxes
- Deductions
& Credits
- Retirement
and Investments, select Retirement Savings Contributions Credits
