Do I always list my traditional IRA contributions? I'm confused about why there is such a high tax break for listing contributions. My employer match contributions?

jomarie022 — Thu, 06 Jun 2019 15:31:08 GMT

Make sure you are not entering your retirement plan contr...

LindaA — Thu, 06 Jun 2019 15:31:10 GMT

Make sure you are not entering your retirement plan contribution twice. If you have a retirement plan at work, your contributions are reported on your W-2 in box 12 with one of the codes listed below. You should only enter this information in the W-2 section of TurboTax.

W-2 Box 12 codes for employer-sponsored retirement plans:

D: Contributions to your 401(k) plan
E: Contributions to your 403(b) plan
F: Contributions to your 408(k)(6) plan
G: Contributions to your 457(b) plan
H: Contributions to your 501(c)(18)(D) plan
S: Contributions to your 408(p) SIMPLE plan
AA: Designated Roth contributions under a section 401(k) plan
BB: Designated Roth contributions under a section 403(b) plan
EE: Designated Roth contributions under a governmental section 457(b) plan

If you have an Individual Retirement Account (IRA) outside of work, follow the instructions in the FAQ below to enter your contributions in TurboTax.

Where do I enter my Traditional or Roth IRA? https://ttlc.intuit.com/replies/4792466

topic Do I always list my traditional IRA contributions? I'm confused about why there is such a high tax break for listing contributions. My employer match contributions? in Retirement tax questions

Do I always list my traditional IRA contributions? I'm confused about why there is such a high tax break for listing contributions. My employer match contributions?

Make sure you are not entering your retirement plan contr...