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I just started a new job and enrolled in a 401k Walgreens retirement plan how does that get claimed on my tax return? And how does it effect it?

 
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I just started a new job and enrolled in a 401k Walgreens retirement plan how does that get claimed on my tax return? And how does it effect it?

The 401k will be on your W-2, so you will simply enter your W-2 exactly as it appears.  You do not enter the 401k anywhere else---just when you enter the boxes from your W-2.

 

You might end up getting a bit of Savers credit which will reduce any tax liability you have.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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