- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Would my retirement contributions to Arkansas Teacher Retirement entitle me to a tax credit?
Topics:
posted
June 6, 2019
3:26 AM
last updated
June 06, 2019
3:26 AM
Connect with an expert
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
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Would my retirement contributions to Arkansas Teacher Retirement entitle me to a tax credit?
Yes, but only your employee contributions, which are usually accounted for in box 12 or box 14 of your W2. The employer's contribution does not count- just the amount that came out of your paychecks.
If you made employee contributions, Box 1 of your W2 has been reduced, which has the same effect as a deduction.
June 6, 2019
3:26 AM
1 Reply
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Would my retirement contributions to Arkansas Teacher Retirement entitle me to a tax credit?
Yes, but only your employee contributions, which are usually accounted for in box 12 or box 14 of your W2. The employer's contribution does not count- just the amount that came out of your paychecks.
If you made employee contributions, Box 1 of your W2 has been reduced, which has the same effect as a deduction.
June 6, 2019
3:26 AM
Still have questions?
Make a post