IRA Contributions

danijean
danijean Member Posts: 1 Newcomer
in General

Hello,

Box 12 for me has a BB, DD, and an E

When filling out Freetaxusa quesitons:

Enter any traditional IRA contributions you made during 2024

and

Enter any Roth IRA contributions you made during 2024

Which do I put where?

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Answers

  • WrenD
    WrenD FreeTaxUSA Agent Posts: 22

    Hello danijean,

    It appears your W-2 includes codes BB, DD, and E in Box 12. These represent contributions to employer-sponsored retirement and health plans, and they are already factored into your W-2 totals. You do not need to enter anything under IRA contributions based on these codes.

    You should only enter an amount for traditional or Roth IRA contributions if you personally made contributions to a separate IRA account outside of your employer plan.

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