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March 30, 2020
Question

I am a school employee and the question is asking if i contributed to a qualified retirement plan?

  • March 30, 2020
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1 reply

March 30, 2020

Most likely you did contribute to your Retirement Plan through Payroll Deduction.

 

Check your W-2.  If the 'Retirement Plan' box is checked, your contribution amount is probably the difference Between Box 1 and Box 3 on  your W-2.

 

However, this amount is not deductible since it is already pre-tax, so you don't need to make an entry in this section.  Just enter your W-2 as shown.

 

Click this link for more info on School District Retirement Plans.