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Level 2
June 4, 2019
Solved

If I already filled out box 12D on the wages and income section for my W2, do i need to fill it out again in the deduction and credit section for retirement funds?

  • June 4, 2019
  • 1 reply
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Best answer by VolvoGirl

NO!  Only enter it from the W2.  That is 401K not an IRA.  Only IRA contributions go in Deductions & Credits.

1 reply

VolvoGirl
VolvoGirlAnswer
Level 15
June 4, 2019

NO!  Only enter it from the W2.  That is 401K not an IRA.  Only IRA contributions go in Deductions & Credits.

Level 2
June 4, 2019
Thanks for clarifying! Super helpful! Also, another question, is there a (max) limit on 401K contributions like IRA contributions?