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jplace89
New Member

do i also enter my military tsp roth ira contributions as a deduction or just leave on w2 information section

 
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2 Replies
KrisD15
Employee Tax Expert

do i also enter my military tsp roth ira contributions as a deduction or just leave on w2 information section

Just leave it. The program picks up that information from the W-2.

 

Additionally, Roth contributions are made as after-tax contributions and there is no deduction on your tax return for contributing to a Roth IRA.

 

The advantage to a Roth IRA is that a qualifying distribution may be non-taxed. 

 

 

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dmertz
Level 15

do i also enter my military tsp roth ira contributions as a deduction or just leave on w2 information section

And to be clear, the federal TSP is not an IRA of any kind.

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