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February 4, 2023
Question

Do I have to claim this, in box 12a on one w-2 it's marked D and only $5.60 was taken out and $1 in Federal Tax?

  • February 4, 2023
  • 1 reply
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1 reply

February 4, 2023

Yes. Enter all your W-2s to file a complete and accurate income tax return. TurboTax does not charge extra for adding additional W-2s.

 

The $1 in Federal tax will be added to your withholding and may increase your refund.

 

Your $5.60 in 401(k) contributions may qualify you for a Saver’s Credit. TurboTax will ask you for more info if you qualify.

 

Learn more at Save for retirement now, get a tax credit later: Saver’s Credit higher limits can help low- and moderate-income workers save more in 2023

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