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Pre-tax IRA contributions from employer

My employer contributed $2600 pre-tax dollars into my 401b IRA--subtracted from my taxable income on my W-2.  Turbo Tax prompts indicate adding my IRA contributions figuring my 2019 return.  Do I enter $2600 when asked to enter my 2019 IRA contributions?  I didn't include that in my 2018 tax return, but wondered if I could have?

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2 Replies
dmertz
Level 15

Pre-tax IRA contributions from employer

Neither a 401(k) nor a 403(b) is an IRA.  Enter amounts shown in box 12 of your W-2 only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax.  Employer contributions to a 401(k) or 403(b) are not reportable anywhere on your tax return.

 

The only circumstances that you would enter a $2,600 IRA contribution is if the money was simply a direct-deposit of part of your pay into a regular personal IRA as a convenience provided by your employer rather than the money being paid to you and you depositing the money into the IRA yourself, but it appears that the account that received this deposit is not an IRA.

Pre-tax IRA contributions from employer

Good answer that answered my specific question.  Thank you.

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