PaulaM
Employee Tax Expert

Retirement tax questions

Box 12 code d is used for retirement plans offered through your employer, not IRA's (Individual Retirement Accounts). If your retirement account is through your employer (such as a 401k, 403b, etc.), don't enter it anywhere else in your return.

IRA contributions are initiated by you, independent of your employer. Not through payroll deductions. IRA contributions are entered in the retirement section.

Note: You may qualify for the Retirement Savings Contribution Credit. See link below for qualifications.

https://turbotax.intuit.com/tax-tools/tax-tips/Taxes-101/What-Is-The-Savers-Credit-/INF15617.html

**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