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isabelurbina999
April 2, 2025
Question

Does the traditional IRA refer to a 401k?

  • April 2, 2025
  • 3 replies
  • 0 views
I'm trying to figure out how to put down my retirement fund contributions for 2024. Everything was contributed through my employer.

3 replies

DoninGA
DoninGA
April 2, 2025

If you have an employer sponsored 401(k) retirement account, your contribution are shown on the W-2 in box 12 with a code of D.  You do not enter those contributions anywhere else on a tax return.

JohnB5677
JohnB5677
April 2, 2025

No, Typically the employer would have a 401-K.  

  • If you had contributions through a payroll deduction it is accounted for on the Form W-2.
  • An indication is that Box 1 of the W-2 is less than Box 3
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D
dmertz
April 2, 2025

A 401(k) is not an IRA.

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