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Retirement tax questions
Slow down here:
1) a 401k and 457b contributions are NOT IRA contributions. IRAs are entirely separate retirement contributions done Outside of your work accounts.
2) If you made contributions to those (401k and 457b) thru your payroll withholding, and those contributions are shown in box 12 of your W-2 forms (code D for the 401k and code G for the 457b) then you already entered those contributions with your W-2 form. There is nowhere else that they are supposed to be entered in the software. (exceptions for self-directed 401k's for self-employed people).
3) You appear to have double-entered your 401k and 457b contributions in the IRA Deduction area.......as already noted...those were not IRA's. Go back there and take those IRA contributions out on the Deductions&Credits page.
1) a 401k and 457b contributions are NOT IRA contributions. IRAs are entirely separate retirement contributions done Outside of your work accounts.
2) If you made contributions to those (401k and 457b) thru your payroll withholding, and those contributions are shown in box 12 of your W-2 forms (code D for the 401k and code G for the 457b) then you already entered those contributions with your W-2 form. There is nowhere else that they are supposed to be entered in the software. (exceptions for self-directed 401k's for self-employed people).
3) You appear to have double-entered your 401k and 457b contributions in the IRA Deduction area.......as already noted...those were not IRA's. Go back there and take those IRA contributions out on the Deductions&Credits page.
4) I see a $3000 Roth IRA too in your picture...take that out too unless it truly was a ROTH IRA contribution you made outside of work. Even if an actual ROTH IRA, it may not be allowed depending on your total family income.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎June 4, 2019
6:36 PM