Solved: Is IRS contributions the same as putting money into your 401K?

Is IRS contributions the same as putting money into your 401K?

IRA contributions the same as putting money into your 401K?

posted

NO. An IRA contribution is NOT contributing to a 401(k)

Your contributions to the employer provided 401(k) account are entered on your W-2 in box 12 with a code of D. You do not enter those anywhere else on a tax return

View solution in original post

NO. An IRA contribution is NOT contributing to a 401(k)

Your contributions to the employer provided 401(k) account are entered on your W-2 in box 12 with a code of D. You do not enter those anywhere else on a tax return