For Federal Taxes->Deductions & Credits->Retirement and Investments, does my employer's contribution to my retirement count?

benjamingslade · ‎April 7, 2023

In Turbo Tax Deluxe for MS-Windows, For Federal Taxes->Deductions & Credits->Retirement and Investments, it asks:

"Did you have any retirement contributions or investment expenses for 2022?"

My employer makes pre-tax contributions to my 401-K (shows up in my W2). Is the above question asking about this kind of retirement contribution?

DanaB27 · ‎April 8, 2023

No, your contributions to your 401(k) are already reported on your W-2 in box 12 and all you need to do is enter your W-2.

If you made additional IRA contributions (traditional or Roth) you will enter them in the IRA contribution section.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

DanaB27 · ‎April 8, 2023

No, your contributions to your 401(k) are already reported on your W-2 in box 12 and all you need to do is enter your W-2.

If you made additional IRA contributions (traditional or Roth) you will enter them in the IRA contribution section.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Do you have an Intuit account?