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Is a Roth Deferral the same thing as a Roth IRA? I have been contributing to the Roth Deferral - are there contribution limits?
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Is a Roth Deferral the same thing as a Roth IRA? I have been contributing to the Roth Deferral - are there contribution limits?
No. Roth "deferrals" are Roth contributions made to the designated Roth account in a qualified retirement plan. The employer's qualified retirement plan is not an IRA.
Report 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 Roth Deferral the same thing as a Roth IRA? I have been contributing to the Roth Deferral - are there contribution limits?
No. Roth "deferrals" are Roth contributions made to the designated Roth account in a qualified retirement plan. The employer's qualified retirement plan is not an IRA.
Report 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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