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pleh8472
New Member

Money deducted from paycheck for retirement-- does that go under ira contributions

 
1 Reply
MichaelL1
Level 15

Money deducted from paycheck for retirement-- does that go under ira contributions

No, that amount already reduces the wages in Box 1 of the W-2 (if it is not a Roth retirement plan).

It is accounted for already when the W-2 is entered.  

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