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Question about Traditional and Roth IRA Contributions under Deductions and Credits

Hi, our W2 already marked our retirement contributions so they are entered there under W2 already. I contribute to roth 401k at work, stock options, and my wife has a PEBA state retirement plan. Do any of these qualify to be entered under Traditional and Roth IRA Contributions under Deductions and Credits?
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2 Replies
MindyB
Employee Tax Expert

Question about Traditional and Roth IRA Contributions under Deductions and Credits

No. None of those items belong in the IRA section. Since your Roth 401(k) and your wife's PEBA contributions are already reported on your W-2s, entering them again as IRA Contributions would double-count them. 

 

Stock options are not considered retirement contributions

 

The IRA section applies if you also put money into a separate, private IRA account outside of your work plans. If you didn't do that, leave that section blank.

dmertz
Level 15

Question about Traditional and Roth IRA Contributions under Deductions and Credits

To be clear, a 401(k) and the state retirement plan are not IRAs.

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