Okay I have a Tsp, Roth and 401k. Do I add this information on the IRA Roth deduction section? It is not counted in Box 1 on the w2's

Forum|Forum|6 years ago
June 6, 2019
1 reply
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Yes, I work from home M-f and I was trying to put in the home expense deduction with no luck,please help!

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macuser_22

Employee

Roth IRA's are not deductible. TSP's and 401(k)'s are not IRA's and so not get entered anywhere other than box 12 on your W-2.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

clm33

So do you need to claim it on your taxes or not?

SteamTrain

Employee

@clm33

If you are asking about actual "contributions" you made top them during 2024..then

In a way.....YES....you claim your contributions to 401k, or TSP......When you enter your W-2....they are reported in box 12 of your W-2...enter there and you are done. They should be there in box 12 on the paper or PDF W-2 form you should have in front of you.

Only contributions to actual IRAs and ROTH IRAs are entered separately on the Deductions& Credit s page.

IRAs/ROTH IRAs are NOT, 401k-s nor 403b-s, nor TSP-s, nor 457 Retirment plans...that's why they are named differently.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*