Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
ag-teacher
New Member

I am a teacher and contribute to my retirement plan through work. Can I deduct those contributions?

 
1 Best answer

Accepted Solutions
KenH1
New Member

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.

View solution in original post

2 Replies
KenH1
New Member

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.

View solution in original post

KenH1
New Member

I am a teacher and contribute to my retirement plan through work. Can I deduct those contributions?

fixed typo
Dynamic AdsDynamic Ads
Privacy Settings
v