turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Can I write off contribution to my deferred retirement option plan? If so, where can I input this?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Can I write off contribution to my deferred retirement option plan? If so, where can I input this?

Since you are contributing pretax, you cannot deduct it again.

View solution in original post

4 Replies

Can I write off contribution to my deferred retirement option plan? If so, where can I input this?

What type of plan - IRA, 401(k), other employer sponsored plan, etc?
**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.**

Can I write off contribution to my deferred retirement option plan? If so, where can I input this?

Sounds like a DROP plan.

Can I write off contribution to my deferred retirement option plan? If so, where can I input this?

It is a deferred retirement option plan or d.r.o.p. it is employer sponsored and I contribute a pre-tax percentage every pay period.

Can I write off contribution to my deferred retirement option plan? If so, where can I input this?

Since you are contributing pretax, you cannot deduct it again.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question