Skip to main content
March 9, 2025
Solved

403b deduction is not being included to reduce my taxable income. How can this be corrected?

  • March 9, 2025
  • 1 reply
  • 0 views
this is not helpful. i need to talk to a live person for free
    Best answer by dmertz

    Your employer has already excluded from the amount in box 1 of your W-2  the elective deferral contributed to the 403(b) and reported with code E in box 12 of your W-2.  You are not permitted to deduct it again on your tax return.

    1 reply

    dmertzAnswer
    Employee
    March 10, 2025

    Your employer has already excluded from the amount in box 1 of your W-2  the elective deferral contributed to the 403(b) and reported with code E in box 12 of your W-2.  You are not permitted to deduct it again on your tax return.