FMTC CUSTODIAN SIMPLE IRA

karenjhunt1 · ‎June 6, 2019

can I deduct my contributions to this plan?

dmertz · ‎June 6, 2019

Unless you are self-employed and this is a SIMPLE IRA created under your self-employment business, no, you cannot deduct these. Your employer will (or should) have already excluded from box 1 of your W-2 amounts reported with code S in box 12.

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dmertz · ‎June 6, 2019

Unless you are self-employed and this is a SIMPLE IRA created under your self-employment business, no, you cannot deduct these. Your employer will (or should) have already excluded from box 1 of your W-2 amounts reported with code S in box 12.