Where do I enter Deferred Life Annuity (retirement contributions)

[MichaelDC]

All of the information necessary is recorded in your W-2 in Box 12. These Box 12 codes give you information about contributions to your retirement plan at work, and they are for your information only:

• D: 401(k) plan
• E: 403(b) plan
• F: 408(k)(6) plan
• G: 457(b) plan
• S: 408(p) salary reduction SIMPLE retirement account
• H: 501(c)(18)(D) plan

Employees of various non-profit organizations such as schools and other tax-exempt organizations can benefit from enrolling in a 403(b) plan, officially known as a tax-deferred annuity.

A 403(b) plan is a type of tax-deferred retirement plan that is similar to the 401(k) plans offered by many employers. Most contributions to a 403(b) plan are tax-deductible. The IRS regulates the operation of 403(b) plans, which must conform to certain contribution and participation rules in order to maintain tax-deferred status.

Generally speaking, only your employer can make contributions to your 403(b) account. As with a 401(k) plan, if you participate in a 403(b) plan your employer will take money out of your paycheck before you receive it and deposit it into your 403(b) plan account. This is known as an elective deferral. Since you do not report the amount of the deposit as taxable income on your income tax, it effectively works like a tax deduction. If your employer makes matching or other additional deposits to your account, those are also tax-deferred.

Qualified retirement plans are identified by the section of IRS code they are described in, and include:

• A qualified employee plan such as a section 401(k) plan;
• A qualified employee 403(a) annuity plan;
• A 403(b) tax-sheltered annuity plan for employees of public schools or tax-exempt organizations; or
• An individual retirement account under section 408(a) or an individual retirement annuity under section 408(b) (IRAs).

[bjflickner]

I am a non-resident of PA since I have been out of state all year, living abroad.  While doing PA state taxes, it keeps bringing up "Gross Compensation Worksheet" and says I can only have one W-2 like my Federal tax form.  I only have one W-2 and have not put another one in as far as I know.  Is this about my contributions to my 403-b even though I am not a resident this year?  There is no figures on my W-2 for state earnings - it is all blank.

[WendyN2]

I would think Yes, in that the 403-B is "alerting" the system to look for a W-2 that is related to a locally eligible place of work (due to the 403_B contributions. A 403(b) plan is a retirement account for certain employees of public schools and tax-exempt organizations. Participants include teachers, school administrators, professors, government employees, nurses, doctors, and librarians.

US Tax Help - Living Abroad and Residency Status