I contribute to my Roth through my workplace. The ...
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
tyx
New Member

I contribute to my Roth through my workplace. The money is taken from my check. Can I deduct this in the "Roth IRA Contributions" section?

 
2 Replies
VolvoGirl
Level 15

I contribute to my Roth through my workplace. The money is taken from my check. Can I deduct this in the "Roth IRA Contributions" section?

Are you sure it's for a IRA?  Maybe it's a ROTH 401k?    Either way ROTH contributions are not deductible.  If you contribute at work you only enter it from your W2 nowhere else.   You contribute to an IRA outside of work with your own money.  

Opus 17
Level 15

I contribute to my Roth through my workplace. The money is taken from my check. Can I deduct this in the "Roth IRA Contributions" section?

A qualified workplace plan, whether it is a 401(k) or 403(b) or something else, is not an IRA, they are similar in purpose, but they are controlled by completely different sections of the law and many of the rules governing contributions and distributions are different.  Any contributions to a workplace retirement plan are already reported on your W-2 and you do not report them again separately.

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
Dynamic AdsDynamic Ads
v
Privacy Settings