Should my TMRS contributions be deducted from my taxable income?

[ylinab210]

I was told recently turbotax is sometimes not as accurate as having the help of a tax professional. after some research online I was lead to check box 14 for my retirement contributions which should lower my taxable income from about 60,000 to about 56,000. Retirement is through TMRS....box 14 while filing was filled out with the contribution amount but wasn't sure how to categorize it so I put "other". On my return it shows my taxable income considered was the 60k. Is there in fact a discrepancy that should make me consider making an amendment?

[ThomasM125]

If your contribution to the pension plan was deductible from your wages, it would be reflected in box 1 on your W-2. The entry in box 14 would simply tell you that there was a contribution to the plan, but any amount listed there would have no affect on your taxable income, as it would have to be reflected in the box 1 entry.

What you would see if the contributions were deductible would be the amount in box 1 on your W-2 form would be your gross wages less the deductible amount of your contributions to the pension plan. You would likely notice that your social security wages in box 3 would be higher than box 1, since the contribution would not be deductible from your social security income.