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cbennett2
New Member

If there is a number in 12b D on my W-2, can I list that same number as an IRA contribution?

 
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1 Reply
PaulaM
Employee Tax Expert

If there is a number in 12b D on my W-2, can I list that same number as an IRA contribution?

No, Box 12 code d is used for retirement plans offered through your employer, not IRA's (Individual Retirement Accounts). If your retirement account is through your employer (such as a 401k, 403b, etc.), don't enter it anywhere else in your return.

IRA contributions are initiated by you, independent of your employer. IRA contributions are entered in the retirement section. To enter your IRA contributions:

  • In your open return, select My Account
  • Select Tools
  • Select Topic Search
  • Type 'ira contributions' in the box, then select GO
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