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New Member
posted Jun 3, 2019 11:16:45 AM

If the IRA contributions are already reflected in the W-2 do they still need to be listed under deductions and credits?

0 2 470
2 Replies
Expert Alumni
Jun 3, 2019 11:16:47 AM

No, if the retirment contributions are already reflected in the W-2  then you do not need to enter them again under deductions and credits.

Level 15
Jun 3, 2019 11:16:48 AM

Unless the code in box 12 of the W-2 is code F or code S, your contributions are not to an IRA but are instead elective deferrals to a qualified retirement plan like a 401(k), 403(b), 457(b) or the federal TSP.