In the deductions section, Traditional and Roth IRA Contributions, are these contributions above what is already taken out of my paycheck?

jmauney111990 · ‎June 3, 2019

macuser_22 · ‎June 3, 2019

No. What is taken out of your paycheck is for an employer sponsored retirement plan which is NOT an IRA. It is reported on box 12 on your W-2 and nowhere else.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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macuser_22 · ‎June 3, 2019

No. What is taken out of your paycheck is for an employer sponsored retirement plan which is NOT an IRA. It is reported on box 12 on your W-2 and nowhere else.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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In the deductions section, Traditional and Roth IRA Contributions, are these contributions above what is already taken out of my paycheck?