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afancycat
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If I have code bb in box 12 (Roth 403b), is this for informational purposes only or does it impact my return?

 
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If I have code bb in box 12 (Roth 403b), is this for informational purposes only or does it impact my return?

Its end up often only being for informational purposes but it can impact your return in certain scenarios.  You could be eligible for a Retirement Savings Contribution Credit based on the amount of your 403b contribution.  The program pulls the information from box 12 for this purpose.  Its also used to ensure that you haven't overcontributed to your plans.  

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If I have code bb in box 12 (Roth 403b), is this for informational purposes only or does it impact my return?

Its end up often only being for informational purposes but it can impact your return in certain scenarios.  You could be eligible for a Retirement Savings Contribution Credit based on the amount of your 403b contribution.  The program pulls the information from box 12 for this purpose.  Its also used to ensure that you haven't overcontributed to your plans.  

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