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June 1, 2019
Question

I don't have a 401k, but i do have TRS 403b that i pay into can i put that on my taxes?

  • June 1, 2019
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1 reply

MichaelL1
Employee
June 1, 2019

A 403(b) is listed as a code of "E" in box 12 of the W-2. 

This reduces the wages in Box 1 of the W-2. These wages are what you pay taxes. 

The 403(b) is already taken into account when the W-2 is entered and does not need to be listed anywhere else in TurboTax. 

403(b) plan, also known as a tax-sheltered annuity (TSA) plan, is a retirement plan for certain employees of public schools, employees of certain tax-exempt organizations, and certain ministers. Individual accounts in a 403(b) plan can be any of the following types.