Is a 401K contribution the same as a Traditional IRA contribution?

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Is a 401K contribution the same as a Traditional IRA contribution?

No, a 401k is made through your employer by payroll deduction. A traditional IRA is one that allows you to deduct contributions and defer tax o the income.

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Is a 401K contribution the same as a Traditional IRA contribution?

Enter amounts shown in box 12 of your W-2 only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax.

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Is a 401K contribution the same as a Traditional IRA contribution?

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Is a 401K contribution the same as a Traditional IRA contribution?

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