Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 5, 2019 10:28:32 PM

Does a match from the company to my husband's 401k need to be reported anywhere in TurboTax/Federal Income Taxes?

0 2 482
1 Best answer
Intuit Alumni
Jun 5, 2019 10:28:34 PM

No, the employer's match to your spouse's 401-K does not need to be reported anywhere on the tax return. 

Employer's match is part of the company's benefit package to entice people to want to work for the employer. Employers also receive a tax benefit for contributing to employee 401(k) accounts. A company match has the power to greatly increase the value of an employer-sponsored retirement savings account.  It does not get reported on any tax documents except for informational purposes only.  

[Edited 2/15/2017]

2 Replies
Intuit Alumni
Jun 5, 2019 10:28:34 PM

No, the employer's match to your spouse's 401-K does not need to be reported anywhere on the tax return. 

Employer's match is part of the company's benefit package to entice people to want to work for the employer. Employers also receive a tax benefit for contributing to employee 401(k) accounts. A company match has the power to greatly increase the value of an employer-sponsored retirement savings account.  It does not get reported on any tax documents except for informational purposes only.  

[Edited 2/15/2017]

Level 15
Jun 5, 2019 10:28:35 PM

The employer match is *not* reported on the employee's W-2 (except possibly for informational purposes only, not in in box 12).  With regard to contributions to a 401(k), only the employee's elective deferrals (code D) and Roth contributions (code AA) are reported in box 12 of the W-2.