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If money is coming our of my paycheck for retirement, is it considered a traditional IRA and is tax deductible?

 
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2 Replies
DawnC
Expert Alumni

If money is coming our of my paycheck for retirement, is it considered a traditional IRA and is tax deductible?

It probably is not for an IRA, but it could be.  What codes are in Box 12 of your w-2?   

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If money is coming our of my paycheck for retirement, is it considered a traditional IRA and is tax deductible?

If it's on your W2 you only enter it from the W2, nowhere else.  If it's on your W2 it is NOT a IRA.  

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