I contributed $422.91 to a tax qualified retirement plan with my employer. My employer matches my annual contributions to the plan. Why can't this be deducted?

 
MinhT
Expert Alumni

Retirement tax questions

If you contributed to a tax deferred retirement plan at work, your contribution has already been excluded from taxation on your form W-2. The amount of wages in box 1 of form W-2 is smaller than the amount in box 5 (Medicare wages) by the amount of your contribution.

Your contribution is not deducted on line 51 of form 1040.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

Retirement tax questions

Thank you so much for your help!