RobertG
Expert Alumni

Retirement tax questions

Are you sure you can claim a deduction?

 

401K contributions are made with pre-tax money, since you don't pay tax on the money contributed, you can't deduct it.

 

The only retirement contributions that are deducible are contributions to a traditional IRA.

 

To enter an IRA contribution

  1. Sign in to your account.
  2. Type IRA contributions into the search box 
  3. Select Jump to IRA contributions 
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