I contribute to a 403(b) retirement plan as a requirement of my employment. These contributions are entered into box 14 of my W-2 instead of box 12 because they are mandatory. Do they qualify for any deductions or credits? I meet all other qualifications for the retirement savings credit, but TurboTax doesn't pick up on the contributions because they are in box 14 instead of box 12.
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403(b) contributions are required to be reported in Box 12 of Form W2, with Code E. Other pension plans may go in Box 14, but this shouldn't include elective 403(b).
The Saver's Credit is only for elective deferrals to a 401(k), 403(b), governmental 457(b), SEP, or SIMPLE plan.
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