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February 4, 2024
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Is IRS contributions the same as putting money into your 401K?

  • February 4, 2024
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IRA contributions the same as putting money into your 401K?
Best answer by DoninGA

NO.  An IRA contribution is NOT contributing to a 401(k)

 

Your contributions to the employer provided 401(k) account are entered on your W-2 in box 12 with a code of D.  You do not enter those anywhere else on a tax return

1 reply

DoninGA
DoninGAAnswer
Employee
February 4, 2024

NO.  An IRA contribution is NOT contributing to a 401(k)

 

Your contributions to the employer provided 401(k) account are entered on your W-2 in box 12 with a code of D.  You do not enter those anywhere else on a tax return