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June 1, 2019
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Turbo tax did not allow an IRA deduction on the contribution my wife made to her Company retirement account why?

  • June 1, 2019
  • 1 reply
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Best answer by MichaelL1

Box 1 wages from the W-2 are what is taxed.  Your wife's wages should have a higher amount in boxes 3 and 5, and the taxable wages are reduced by the retirement contribution she made while working.

Take a look at this and post a comment if you still have questions. 

1 reply

MichaelL1
MichaelL1Answer
Employee
June 1, 2019

Box 1 wages from the W-2 are what is taxed.  Your wife's wages should have a higher amount in boxes 3 and 5, and the taxable wages are reduced by the retirement contribution she made while working.

Take a look at this and post a comment if you still have questions.