Does non taxable contributions to 401K plan provided by employer need to be reported?

Forum|Forum|7 years ago
June 1, 2019
1 reply
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My 401K retirement plan is through my employer, the money that is contributed to it, by me, is done before taxes. Do I still have to report this on my return? If so, how do I report it without it showing it is taxable money?

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Anonymous

The money you have deferred from your wages is deducted before calculating Box 1 wages on your W2 so you are not taxed on it until you withdraw it.

Your employer's contribution is also not taxable until you take a distribution.

You don't report either amount on your tax return.

Does non taxable contributions to 401K plan provided by employer need to be reported?

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