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byksum
New Member

403b deduction is not being included to reduce my taxable income. How can this be corrected?

this is not helpful. i need to talk to a live person for free
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dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

403b deduction is not being included to reduce my taxable income. How can this be corrected?

Your employer has already excluded from the amount in box 1 of your W-2  the elective deferral contributed to the 403(b) and reported with code E in box 12 of your W-2.  You are not permitted to deduct it again on your tax return.

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1 Reply
dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

403b deduction is not being included to reduce my taxable income. How can this be corrected?

Your employer has already excluded from the amount in box 1 of your W-2  the elective deferral contributed to the 403(b) and reported with code E in box 12 of your W-2.  You are not permitted to deduct it again on your tax return.

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