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New Member

I want to confirm if my 2018 returns had 401 k contribution deducted from taxable income?

 
3 Replies
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Level 15

I want to confirm if my 2018 returns had 401 k contribution deducted from taxable income?

Were they listed on your W-2 form?
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Level 15

I want to confirm if my 2018 returns had 401 k contribution deducted from taxable income?

401K Contributions come out of your paychecks pretax meaning before taxes and have already been deducted from the wages in box 1 of your W2 and you can't deduct them again.  You only enter them from the W2 box 12 nowhere else,  
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Level 15

I want to confirm if my 2018 returns had 401 k contribution deducted from taxable income?

If you don’t know whether your gross income (box 1) was already reduced by the 401k contribution you will need to ask your employer.  

*Answers are correct to the best of my ability but do not constitute legal or tax advice.*
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