I am a teacher and contribute to my retirement plan through work. Can I deduct those contributions?
Yes, but they are already accounted for.
Employer-sponsored plan contributions are reported on your W2, Box 12, usually with code "D" or "E." Box 1 of your W2 should be reduced by the amount of your contribution (unless it's a Roth 401k).
This has the same effect as a deduction, so no further reporting is needed.
I am a teacher and contribute to my retirement plan through work. Can I deduct those contributions?
Yes, but they are already accounted for.
Employer-sponsored plan contributions are reported on your W2, Box 12, usually with code "D" or "E." Box 1 of your W2 should be reduced by the amount of your contribution (unless it's a Roth 401k).
This has the same effect as a deduction, so no further reporting is needed.
I am a teacher and contribute to my retirement plan through work. Can I deduct those contributions?
fixed typo
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