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Yes (and no).
It is tax deductible, but this benefit has already been built into your W2. Your box 1 W2 taxable wages already reflect a tax deduction. You simply enter your W2.
You don't input 401k contributions on your tax return anywhere else other than by typing in your W2.
Yes (and no).
It is tax deductible, but this benefit has already been built into your W2. Your box 1 W2 taxable wages already reflect a tax deduction. You simply enter your W2.
You don't input 401k contributions on your tax return anywhere else other than by typing in your W2.
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