Re: Are my workplace contributions (traditional IRA) deductable?

Are my workplace contributions (traditional IRA) deductable?

posted

Workplace (employer plans) are NOT IRA's. They are most likely 401(k) plans and the employer has already deducted it form your taxable income by reducing your taxable wages by the amount in box 12 code D on your W-2.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**