Retirement tax questions

@herosareangels 

 

We suspect, that in the account with the higher refund,  that one of you may have double-entered the retirement contribution.   i.e. IF retirement contributions are showing in box 12 of the W-2 form, then that is the Only place they  re supposed to be entered.  (or in box 14 for certain 414h plans).

 

You do not enter those contributions again on the Deductions&Credits page as IRA contributions. IRA contributions are entirely separate accounts some people set up for themselves. AND IRAs are not 401k, nor 403b, nor 457 accounts.  

 

So check to see if one of you accidentally entered some IRA contribution $$ on the Deductions&Credits page  (unless you truly set up a personal IRA account)

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*