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June 4, 2019
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Is tiaa-cref an IRA deduction

  • June 4, 2019
  • 1 reply
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This tiaa-cref is the retirement account at my wife's place of employment, and is mandatory deduction from her paycheck
Best answer by

No, that is a 401k or 403b plan, which you do not report as an IRA.

Employer-sponsored plan contributions are reported on your W2, Box 12, usually with code "D" or "E." Box 1 of your W2 should be reduced by the amount of your contribution (unless it's a Roth 401k). That's how it is claimed.

IRA contributions are not administered by employers (thus not on your W2), so those are separate interview questions. To enter IRA contributions:

1) Select Federal Taxes in the top menu

2) Select Deductions and Credits just below the top menu

3) Scroll down to Retirement and Investments and select Show More

4) Select Start next to Traditional and Roth IRA Contributions

1 reply

Answer
June 4, 2019

No, that is a 401k or 403b plan, which you do not report as an IRA.

Employer-sponsored plan contributions are reported on your W2, Box 12, usually with code "D" or "E." Box 1 of your W2 should be reduced by the amount of your contribution (unless it's a Roth 401k). That's how it is claimed.

IRA contributions are not administered by employers (thus not on your W2), so those are separate interview questions. To enter IRA contributions:

1) Select Federal Taxes in the top menu

2) Select Deductions and Credits just below the top menu

3) Scroll down to Retirement and Investments and select Show More

4) Select Start next to Traditional and Roth IRA Contributions