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New Member
posted Apr 17, 2023 12:42:51 PM

I'm trying to find on Turbo tax where I can post contribute to my 401k to reduce my tax obligation for 2022. Normally it asks before ending, but I didn't see it.

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4 Replies
Level 15
Apr 17, 2023 12:44:51 PM

Your 401(k) contribution to the employer provided tax deferred account are already reported on your W-2 in box 12 with a code of D.  They are not entered anywhere else on a tax return.

Level 15
Apr 17, 2023 12:45:55 PM

You only enter 401K contributions from your W2, nowhere else.  They have already been deducted from the wages in box 1 and you can't deduct them again.  You can only deduct Traditional IRA contributions.  

New Member
Apr 17, 2023 5:35:15 PM

I didn’t have a 401k in 2022, but the IRS allows a post 2022 contribution before April 18th. Where is it on Turbo tax?

Level 15
Apr 17, 2023 5:44:22 PM


@jcooperhagemann wrote:

I didn’t have a 401k in 2022, but the IRS allows a post 2022 contribution before April 18th. Where is it on Turbo tax?


If you are an employee and have an employer provided 401(k) the contribution to the account are only made on a calendar year basis.  You cannot contribute to the 401(k) in 2023 and have that contribution reported on a 2022 tax return.