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vjordyr
New Member

My contributions to my Roth IRA are listed on my W2, do I still need to add them into my deductions?

I am active duty military and contribute to TSP.
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1 Best answer

Accepted Solutions
ChristinaS
Expert Alumni

My contributions to my Roth IRA are listed on my W2, do I still need to add them into my deductions?

You would not enter anything under IRA contributions, as the reporting is fully handled through the input of Code AA on your W2.Also, that's a Roth 401(k), not a Roth IRA.

As long as your income is low enough, you are still eligible to make Roth IRA contributions. But, you need to do so outside of your employment. What you have done with your job is not an IRA.

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-li...

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3 Replies
ChristinaS
Expert Alumni

My contributions to my Roth IRA are listed on my W2, do I still need to add them into my deductions?

Can you clarify what code is on your W2 for these contributions?
vjordyr
New Member

My contributions to my Roth IRA are listed on my W2, do I still need to add them into my deductions?

Yes, it is AA 16.
ChristinaS
Expert Alumni

My contributions to my Roth IRA are listed on my W2, do I still need to add them into my deductions?

You would not enter anything under IRA contributions, as the reporting is fully handled through the input of Code AA on your W2.Also, that's a Roth 401(k), not a Roth IRA.

As long as your income is low enough, you are still eligible to make Roth IRA contributions. But, you need to do so outside of your employment. What you have done with your job is not an IRA.

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-li...

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