Is IRS contributions the same as putting money into your 401K?
IRA contributions the same as putting money into your 401K?
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1 Best answer
DoninGA
Level 15
Feb 4, 2024 3:42:49 PM
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
1 Replies
DoninGA
Level 15
Feb 4, 2024 3:42:49 PM
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