Turbo asks me to "enter the total amount you put into a traditional IRA for 2024", does this also include the portion my employer directly paid for my retirement plan?

In the Deductions & Credits section, Turbo asks me to "enter the total amount you put into a traditional IRA for 2024", does this mean the amount I put into IRA (e.g. 4% of income), Or, does it also include the portion my employer directly paid for my retirement plan?

1306

Expert Alumni

Apr 15, 2025 6:36:47 PM

No, you do not add contribution to a work retirement plan under Traditional IRA contributions in the IRA contribution interview under Deductions & Credits. Your contributions to the work retirement plan are already listed on your W-2.

Level 1

Apr 17, 2025 6:33:20 PM

Thank you for the clarification, DanaB27! I confused the work retirement plan with the IRA mentioned in Turbotax. I am clear now after your help!

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Turbo asks me to "enter the total amount you put into a traditional IRA for 2024", does this also include the portion my employer directly paid for my retirement plan?