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Level 3
February 27, 2024
Question

IRA and 401K

  • February 27, 2024
  • 3 replies
  • 13 views

If box 12 on w2 has a D amount, is that the same as an IRA contribution?

    3 replies

    KrisD15
    Level 15
    February 27, 2024

    No, it is for your 401(k) 

    Code D : Contributions to your 401(k) plan (including a simple 401(k) plan)

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    KrisD15
    Level 15
    February 27, 2024

    No, it is for your 401(k) 

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    Level 15
    February 27, 2024

    A 401(k) is not an IRA.