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tonyjasonross
New Member

I pay into a pension as a teacher. This is deducted from my paycheck biweekly. Can I count this on my taxes as paying into retirement?

 
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MichaelL1
Level 15

I pay into a pension as a teacher. This is deducted from my paycheck biweekly. Can I count this on my taxes as paying into retirement?

No, and it is actually already taken into account when you enter your W-2.  

Then someday when you retired a portion of the amount of retirement collected each month will not be taxable to you. 

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2 Replies
xmasbaby0
Level 15

I pay into a pension as a teacher. This is deducted from my paycheck biweekly. Can I count this on my taxes as paying into retirement?

It should already be on your W-2
**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.**
MichaelL1
Level 15

I pay into a pension as a teacher. This is deducted from my paycheck biweekly. Can I count this on my taxes as paying into retirement?

No, and it is actually already taken into account when you enter your W-2.  

Then someday when you retired a portion of the amount of retirement collected each month will not be taxable to you. 

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