401k w2 box 12 code D
When I input my 401K contributions into TurboTax Premier desktop in the W2 box 12 code D section
it does not Chage my taxes owed.
why?
When I input my 401K contributions into TurboTax Premier desktop in the W2 box 12 code D section
it does not Chage my taxes owed.
why?
Expert Reviewed
401K code D. It comes out of your checks pretax and has already been deducted from the wages in box 1 and you can't deduct it again. Notice that box 1 should be less than boxes 3&5.
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