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posted Jun 5, 2019 11:41:31 PM

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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Level 15
Jun 5, 2019 11:41:33 PM

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.

1 Replies
Level 15
Jun 5, 2019 11:41:33 PM

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.