401k contribution employer match taxable

[yatoshura]

If my monthly gross salary is about $11,175 (before any tax, medical and retirement deductions) and my employer will match $0.5 cent per dollar up to 4% of my pay, does that mean that I need to contribute at least $2,682 for 2020 to receive full employer match for the year? Please let me know if this calculation is incorrect.

Are my employer match contributions deduced from my taxable income? If not, how do I report it on my tax return?

Thank you.

[macuser_22]

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@yatoshura wrote:

Are my employer match contributions deduced from my taxable income? If not, how do I report it on my tax return?

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No.  Only your contributions are reported by your employer in box 12 on your W-2.    You do not report anything else.

Your employer match will be reported by the employer on your account statements.

[VolvoGirl]

No the employer match is not deducted from your income.  You do not report it at all.  It goes into your 401K account pretax and tax deferred.  Then when you take a distribution you pay tax on anything you take out.  It won't be broken out as employee and employer contributions.