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kattfoshee51
May 17, 2020
Question

Can I count the $ deducted from my pay check as an IRA -non Roth or is this referring to funds put into a Savings Plan other that thru payroll deduction?

  • May 17, 2020
  • 1 reply
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Is this in addition to what has been reported on my W-2?  Or has the amount of payroll contributions on my W-2 already been taken in to consideration?

1 reply

DoninGA
DoninGA
Employee
May 17, 2020

If you have elective deferrals to an employer sponsored retirement plan and those contributions are shown in box 12 of the W-2, then you do not report those contributions anywhere else on your tax return.

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