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Level 3
posted Feb 21, 2025 6:29:23 PM

retirement contribution

Hi, My employer provides a retirement account and they match my contribution as well. I haven't done any withdrawal from the account. I guess in this case I don't need to report on my tax file, correct? I need to report only when I withdraw at the time of retirement and I suppose I will receive a form to file at that time, correct? tnx

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1 Replies
Expert Alumni
Feb 21, 2025 6:31:31 PM

Your contributions should be represented in Box 12 on your W-2 but aside from that entry you won't have any other reporting to do on your tax return until you withdraw funds.