topic Employer contributions to 401k plan are not reported on the employees w-2, correct. in Retirement tax questions

Employer contributions to 401k plan are not reported on the employees w-2, correct.

koehler656 — Thu, 06 Jun 2019 10:29:01 GMT

employer included both taxpayers contributions and the employer contributions on line 12 under code D this not correct right

Only your elective deferrals to the 401(k) are to be repo...

dmertz — Thu, 06 Jun 2019 10:29:02 GMT

Only your elective deferrals to the 401(k) are to be reported with code D in box 12 of your W-2. Employer matching or profit sharing contributions are not to be reported on your W-2. Your employer should not be treating as elective deferrals any amount that you did not ask to be deferred from your paycheck.

Re: Employer contributions to 401k plan are not reported on the employees w-2, correct.

vtichy — Thu, 26 Dec 2019 22:53:58 GMT

I have solo 401k contribution that I include on my W2. I understand employer profit sharing contribution is not included on W2. That being said, do we deduct the employer share on the personal income tax form, or on the business form. I believe it would be the business form, but checking to be sure. Thanks.

Re: Employer contributions to 401k plan are not reported on the employees w-2, correct.

dmertz — Fri, 27 Dec 2019 01:58:01 GMT

vtichy, the fact that you receive a W-2 from the company implies that you have an S corp. The deduction for the employer contribution is taken on the S corp's tax return.