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Returning Member
posted Feb 15, 2021 12:36:22 PM

Does imputed income in box 1 of W2 qualify for Roth contribution

The amount in box 1 of my employer W2 consists of imputed income from an employee discount for which Social Security and Medicare was withheld (boxes 4 and 6) .  No amount is in box 11 and box 14 contains the amount in box 1 and the code IMPT.   I am responsible for income tax on the box 1 amount.   Is that amount eligible income for a Roth contribution?

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1 Replies
Expert Alumni
Feb 15, 2021 12:56:50 PM

Yes, the amount reported in box 1 of Form W-2 is considered wages income and would be included in calculations for your Roth Contributions