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
Returning Member
posted Feb 22, 2025 4:55:43 AM

Does the question about contributing to a traditional IRA mean what you contributed on your paycheck (and therefore on your W2) or only additional contributions?

0 2 1401
2 Replies
Expert Alumni
Feb 22, 2025 5:06:19 AM

It would be referring to additional contributions that you made on your own to a Traditional IRA.

 

Typically, contributions made through your paycheck and reported on your W-2 would be to some sort of retirement plan (like a 401k) instead of a Traditional IRA.  

Level 15
Feb 22, 2025 5:32:37 AM

Enter amount shown in box 12 of your W-2 only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax.