You'll need to sign in or create an account to connect with an expert.
Your Roth 401(k) contributions do not reduce the amount in box 1 of your W-2 which is compensation on which you can base a Roth IRA contribution. Even if you contribute all $10K of your pay to the Roth 401(k), you can still use the same $10K to support contributions to a Roth IRA.
Your Roth 401(k) contributions do not reduce the amount in box 1 of your W-2 which is compensation on which you can base a Roth IRA contribution. Even if you contribute all $10K of your pay to the Roth 401(k), you can still use the same $10K to support contributions to a Roth IRA.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Alex139
Level 1
shchan888
Level 2
Greg114
New Member
TaxFart
Level 2
mdcdeve
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.