IRA contributions

[Winkels5]

If my W-2 has my deffered IRA amount will it automatically update in the deductions category on TurboTax?  I contributed but in the deductions/ credits it does not have what I contributed and I would not like to double dip.

[VolvoGirl]

What box is it on the W2?  That is probably a 401K plan not a IRA.  You only enter it from the W2.  It comes out of your pay pretax and was already deducted from the wages in box 1.  So you can't deduct it again.

[Winkels5]

Box 12-D

I was thinking what you are saying is correct but also wanted to make sure I'm doing it correct and getting credit.

[VolvoGirl]

Yep, 12D is a 401K plan not an IRA.  You have to know what you have.  Especially in the future when you take it out or roll it over to another plan.