What is the "Traditional and Roth IRA Contributions" item under "Deductions & Credits" tab?

[wangyinuo1219]

My company has a 401k account for me. I do make contribution to the traditional 401k account. But I think this part has been taken care when I enter my W2 in the income section. What is the "Traditional and Roth IRA Contributions" item under "Deductions & Credits" tab? Do I need to do anything here?

[ColeenD3]

NO. IRAs are not the same as a 401k. You do contribute to a 401k through your employer and you would see the amount in Box 12 of your W-2. Once you enter your W-2, you don't need to do anything else.

If you wish to make a contribution to either a Traditional or Roth IRA apart from what you contribute at work, you would enter the contribution amount under the Deductions and Credits section.