3440248
You'll need to sign in or create an account to connect with an expert.
No, a pre-tax contribution to a 401(k) is not the same as a contribution to a traditional IRA. An IRA is a retirement savings option available to anyone with earned income (or whose spouse has earned income).
A 401k plan is an employer-sponsored retirement plan where you make contributions through salary deferrals
No. A 401k is not an IRA. Only enter it from your W2. It should be in box 12 code D.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
tianwaifeixian
Level 4
soccerfan1357
Level 1
tianwaifeixian
Level 4
margmato
Level 1
in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
xiaochong2dai
Level 3