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June 5, 2019
Question

Money deducted from paycheck for retirement-- does that go under ira contributions

  • June 5, 2019
  • 1 reply
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1 reply

MichaelL1
Employee
June 5, 2019

No, that amount already reduces the wages in Box 1 of the W-2 (if it is not a Roth retirement plan).

It is accounted for already when the W-2 is entered.