If I have a contribution to a traditional IRA on my W-2(Box 12 - D 16), do I add that contribution to my deductions and credits, or is that already accounted for?

[chadwick-harriso]

Military. Contribution was traditional IRA via TSP

[KenH1 · Accepted solution]

No you do not.

Your TSP contributions are reported on your W2, Box 12, usually with code "D" or "E."  Your taxable wages in box 1 of your W2 have been reduced by the amount of your contribution (unless it's a Roth). This has the same effect as a deduction.

IRA contributions are not administered by employers (thus not on your W2), so those are separate interview questions. To enter IRA contributions:

1) Select Federal Taxes in the top menu

2) Select Deductions and Credits just below the top menu

3) Scroll down to Retirement and Investments and select Show More

4) Select Start next to Traditional and Roth IRA Contributions