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rdjlemay
New Member

If i paid into a 401k at work is this amount deductible

 
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ChristinaS
Expert Alumni

If i paid into a 401k at work is this amount deductible

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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1 Reply
ChristinaS
Expert Alumni

If i paid into a 401k at work is this amount deductible

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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