Having the “Retirement Plan” box checked means you had access to a retirement plan such as 401k at work, which may limit your ability to get tax incentives for other retirement plans like an IRA.
Subsequently, are employer contributions to 401k reported on W2?
Employer contributions to 401(a) or 401(k) plans are exempt from federal income tax, so they should not be reported on the Form W-2. … Also, designated Roth contributions are subject to federal income tax withholding, social security and Medicare taxes and must be reported on Form W-2.
Moreover, do IRA contributions show up on W2?
Filing requirements: An employer generally has no filing requirements, and does not need to file an annual Form 5500 return. W-2 Reporting: SIMPLE IRA contributions are not included in the “Wages, tips, other compensation” box of Form W-2, Wage and Tax Statement PDF, but check the Retirement Plan box in box 13.
What is Code D on W2?
D — Elective deferral under a 401(k) cash or arrangement plan. This includes a SIMPLE 401(k) arrangement. E — Elective deferrals under a Section 403(b) salary reduction agreement.