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D
djr1985
January 28, 2025
Question

Does a pre-tax contribution to an employer sponsored 401K count as a contribution to a traditional IRA?

  • January 28, 2025
  • 2 replies
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    2 replies

    M
    MayaD
    January 28, 2025

    No, a pre-tax contribution to a 401(k) is not the same as a contribution to a traditional IRA. An IRA is a retirement savings option available to anyone with earned income (or whose spouse has earned income). 

    A 401k plan is an employer-sponsored retirement plan where you make contributions through salary deferrals

    Traditional IRAs

    401(k) plans

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    VolvoGirl
    VolvoGirl
    Employee
    January 28, 2025

    No.  A 401k is not an IRA.  Only enter it from your W2.  It should be in box 12 code D.  

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