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New Member
posted Jun 4, 2019 1:34:38 PM

If I already filled out box 12D on the wages and income section for my W2, do i need to fill it out again in the deduction and credit section for retirement funds?

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Level 15
Jun 4, 2019 1:34:40 PM

NO!  Only enter it from the W2.  That is 401K not an IRA.  Only IRA contributions go in Deductions & Credits.

3 Replies
Level 15
Jun 4, 2019 1:34:40 PM

NO!  Only enter it from the W2.  That is 401K not an IRA.  Only IRA contributions go in Deductions & Credits.

New Member
Jun 4, 2019 1:34:42 PM

Thanks for clarifying! Super helpful! Also, another question, is there a (max) limit on 401K contributions like IRA contributions?

Level 15
Jun 4, 2019 1:34:43 PM

Yes 18,000 or 24,500 if over 50.  Check with your employer.