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New Member
posted Oct 10, 2021 5:40:03 PM

In the "Traditional IRA and Roth IRA" section, do I count the amounts that are in my W2? Or is this for separate contributions? Thank you!

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3 Replies
Level 8
Oct 10, 2021 5:50:39 PM

It is for separate contributions not included on your W-2.

New Member
Oct 11, 2021 10:53:31 AM

Perfect, thank you very much for confirming that!

Level 15
Oct 11, 2021 1:05:46 PM

Even though IRAs and qualified workplace retirement plans have a similar goal and some similar rules, they are controlled by different sections of the tax laws and can be very different in critical ways.  Your workplace plan is only reported on your W-2 and no where else.  When asked about IRA contributions, only include separate out of pocket contributions to a privately owned IRA account, if you have one.