When entering IRA or Roth IRA contributions does this include everything that was taken out normally from my paycheck? If so, is this already covered by my W2?

aricardson · ‎March 2, 2021

It is asking my Total Traditional IRA contributions and How much of the above total contribution for 2020 was contributed between January 1 2021 and April 15 2021

macuser_22 · ‎March 2, 2021

IRA contributions are not taken from a paycheck. If reported in box 12 on your W-2 then it does not get entered anywhere else.

**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.**

DanaB27 · ‎March 2, 2021

No, you do not include contributions to your work retirement account (as shown on your W-2) in the IRA contribution section under Deduction & Credits. TurboTax is only asking about contribution to traditional IRA and Roth IRA.

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When entering IRA or Roth IRA contributions does this include everything that was taken out normally from my paycheck? If so, is this already covered by my W2?