IRA

[Jheinze82]

Hello on my W2 box 13 is checked. My employer has a 401k i do not participate.. I contribute to a Traditional IRA. . My contributions are made after taxes as My check is split .  So wouldn't box 13 be blank?

Otherwise if I had a

401k  box 13 checked 

Or

401k plus Roth. Box 13 checked

[MaryK4]

No, if your employer OFFERS a retirement plan the box must be checked.  Your tax deductibility of the traditional IRA may be limited if your employer offers a retirement plan. 

[Jheinze82]

They offer a 401k i dont participate. So how would you be able to contribute to a IRA  that is not provided by your employer and not pay taxes on your contributions. Is there a different box on your w2 to designate that?

[Jheinze82]

They offer a 401k i dont participate. So how would you be able to contribute to a IRA that is not provided by your employer and not pay taxes on your contributions. Is there a different box on your w2 to designate that?

[dmertz]

With regard to the 401(k), you are an active participant if additions are made to your 401(k) for the plan year ending with or within your individual tax year.  The employer simply offering the 401(k) does not make you an active participant as long as no such additions are made for your benefit.  However, it's possible that the employer also has a pension plan or some other plan where you accrue an interest that would make you an active participant.  Also, because the plan can use a fiscal tax year, participation in the previous calendar year could make you an active participant for the current year.  To know if any of these apply to make you an active participant for 2024, you would have to ask your employer or plan administrator.