Do I include 401k (empolyer) Roth IRA contributions in the "Traditional IRA and Roth IRA" Section?

[engleason]

My husband and I both contribute to a 401K plan and Roth IRA through our employers. Do I need to also include this information for 2016 in the Traditinal IR and Roth IRa Section in Turbo Tax?

[MargaretL]

No - please do not. All you have to do is report W2 data in Turbo Tax exactly as it appears on the form.

The 401(k) plan contributions you elect to make come directly out of your salary. Since the contributions are made with pre-tax dollars, your employer does not include these amounts in your taxable income for the year. At the end of the year, when you receive your W-2 form that shows your earnings, you will notice that your wages subject to federal income (box 1) tax are lower because of your 401(k) plan contributions (box 12). Since the contributions are not counted in your taxable income to begin with, you do not take a deduction when you file your return.