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March 18, 2021
Question

I signed the retirement plan in 2019 then cancelled it in 2020. I still have it checked in my W-2 form. So should I check that box for the tax return?

  • March 18, 2021
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1 reply

March 18, 2021

If your employer offered a retirement plan, such as a 401(k) at any time during 2020, you were "covered" by a retirement plan and box 13 on your W-2 has to be checked accordingly.  Whether or not you participate in the plan makes no difference.

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