Can i add my 401k contributions to the IRA section? is 401k the same as IRA?
03440
3 Replies
xmasbaby0
Level 15
Apr 12, 2025 8:37:18 AM
If you have a 401k through your employer, it was entered already when you entered information from the boxes on your W-2. You do not enter it again. Or...are you self-employed?
MindyB
Expert Alumni
Apr 12, 2025 8:37:23 AM
No. 401(k) contributions aren't the same as an IRA, and they shouldn't be entered on your tax return. The deduction for traditional 401(k) contributions has already been accounted for in your W-2.
DoninGA
Level 15
Apr 12, 2025 8:38:36 AM
No. Your 401(k) contributions are Not for an IRA.
Your 401(k) contributions are reported on your W-2 in box 12 with a code of D. Those contributions are not entered anywhere else on a tax return.