I contribute to a 403(b) retirement plan as a requirement of my employment. These contributions are entered into box 14 of my W-2 instead of box 12 because they are mandatory. Do they qualify for any deductions or credits? I meet all other qualifications for the retirement savings credit, but TurboTax doesn't pick up on the contributions because they are in box 14 instead of box 12.
You'll need to sign in or create an account to connect with an expert.
403(b) contributions are required to be reported in Box 12 of Form W2, with Code E. Other pension plans may go in Box 14, but this shouldn't include elective 403(b).
The Saver's Credit is only for elective deferrals to a 401(k), 403(b), governmental 457(b), SEP, or SIMPLE plan.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
MojoMom777
Level 3
4beautifulreflec
New Member
hartski1
New Member
parkerdodd97
New Member
dbow58
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.