My employer and I both contribute 3% to my IRA. Do I enter my contribution in the IRA questions separately from the portion entered from the W2?

[Opus 17]

Are you sure it is an IRA? And not a 401k or 403b?

[Carl]

Your retirement contributions are in box 12 of the W-2. You enter the W-2 exactly as printed in the W-2 section of the program, and that is the only place you will enter that amount in box 12, and only that amount in box 12.

[Opus 17]

Unless the employer is actually making after-tax contributions to a private IRA (which would be unusual).

[aweers]

It is an IRA and the contributions are in box 12. But when the IRA questions came up, it didn't say not to enter there if it was an employer IRA so I wasn't sure. Thank you!!

[macuser_22]

It is NOT an IRA.     What code is in box 12?  You only report it on the W-2 and nowhere else.

If a code "D" then it is a 401(k) plan.
if code "AA" it is a 401(k) Roth plan - otherwise called a "Designated Roth".  That is type of 401(k) plans and NOT an IRA.
If a code "BB"  it is a 403(k) Designated Roth - also not an IRA.

[Opus 17]

If your employer is preparing the W-2 correctly, then your contributions are already subtracted from your box 1 wages, which reduces your tax.  You don't enter them again anywhere, as that would result in a double deduction (and a bill from the IRS when they catch up next year).

[Carl]

My guess is an employer sponsored SEP IRA.

[aweers]

Code is "S". Yes, I guess it's an SEP IRA. I just knew it was an IRA that my employer matched contributions on. Thank you guys! I thought that was the case but didn't want to miss out if I was mistaken. 🙂

[dmertz]

SIMPLE IRA, not a SEP-IRA.  Enter the code S amount only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax.

The employer contribution is not to be reported anywhere in TurboTax.

[macuser_22]

A 408(p) SIMPLE plan is still an employer sponsored retirement  plan and not a Traditional or Roth IRA that you would make individual contribution to and enter in the IRA contribution section, your contribution are reported on your W-2.

[Opus 17]

Just enter your W-2, don't enter any separate contributions elsewhere in the program.