Question

Box 12 on W2, have a W & D with amounts. Where does this go when filing? Also, how do I know if I contributed to my 401k for the tax credit?

Forum|Forum|7 years ago
June 6, 2019
2 replies
0 views

No text available

TurboTax Free Edition Online

Employee

Enter these only in box 12 of TurboTax' s W-2 form. The code D entry is the amount that you electively deferred to the 401(k) and, when entered on TurboTax's W-2 form, TurboTax automatically considers this amount for the Retirement Savings Contributions Credit. Your employer has already excluded the code D and code W amounts from the amount reported in box 1 of your W-2, so you to not get to exclude or deduct these amounts again on your tax return.

K

kbeerchk1Author

So do I say yes to the question, did I contribute to a retirement plan?

C

chimes_columbus

The value in Box 12 Code W for HSA contributions on my W2 includes both my contributions and my employers. Should this just be the value my employer contributed or should it be the total contribution of both my employer and me?

D

dmertz

Employee

The code-W amount is correct. Any contribution deposited on your behalf by your employer is considered to be an employer contribution, including those deducted from your paycheck.