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.
1 Replies
dmertz
Level 15
Jun 6, 2019 1:56:21 AM
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.