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posted Jun 4, 2019 2:04:23 PM

My employer contributes to my 401. Is that already figured in my W-2's, or do I have to make separate entries?

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Level 15
Jun 4, 2019 2:04:24 PM

Employer contributions to a 401(k) tax deferred retirement account are not reported on a tax return.  Only your elective deferrals to the 401(k) account are included on the return.  Since the contributions are already included in the W-2 that has been entered, those contributions are not entered again on your tax return.

1 Replies
Level 15
Jun 4, 2019 2:04:24 PM

Employer contributions to a 401(k) tax deferred retirement account are not reported on a tax return.  Only your elective deferrals to the 401(k) account are included on the return.  Since the contributions are already included in the W-2 that has been entered, those contributions are not entered again on your tax return.