Are contributions to a SIMPLE IRA the same as contributing to a Traditional IRA?

delelowman-gmail — Tue, 10 Feb 2026 09:12:22 GMT

Box 12a on my W2 has an "S" designation for contribution to a 408(p) SIMPLE IRA. The amount exceeds the annual allowable limit for a Traditional IRA, but I think this includes my employer's match. Wondering if this is, in fact, a Traditional IRA and whether I should deduct my employer match before entering the amount.

Re: Are contributions to a SIMPLE IRA the same as contributing to a Traditional IRA?

VolvoGirl — Mon, 29 Jan 2024 21:14:56 GMT

No. Enter the W2 exactly as shown. You don't also enter it under Deductions. It is not the same as a Traditional IRA.

topic Are contributions to a SIMPLE IRA the same as contributing to a Traditional IRA? in Retirement tax questions

Are contributions to a SIMPLE IRA the same as contributing to a Traditional IRA?

Re: Are contributions to a SIMPLE IRA the same as contributing to a Traditional IRA?