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April 7, 2025
Question

IRA

  • April 7, 2025
  • 1 reply
  • 0 views

Hello on my W2 box 13 is checked. My employer has a 401k i do not participate.. I contribute to a Traditional IRA. . My contributions are made after taxes as My check is split .  So wouldn't box 13 be blank?

Otherwise if I had a

401k  box 13 checked 

Or

401k plus Roth. Box 13 checked

 

 

1 reply

April 7, 2025

No, if your employer OFFERS a retirement plan the box must be checked.  Your tax deductibility of the traditional IRA may be limited if your employer offers a retirement plan. 

April 7, 2025

They offer a 401k i dont participate. So how would you be able to contribute to a IRA  that is not provided by your employer and not pay taxes on your contributions. Is there a different box on your w2 to designate that?