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Asked 2/3/2009

Will claiming 401k does it help on your return

I have a 401k plan at work. i have been told that if i claim it i may get more money back if thats the case is there a special form i have to fill out or is there a place on the form already and is it self explanatory

 
 
 
 
 
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Answer 1/1 - Submitted 2/4/2009

It should show on your W2 any contributions you made to the 401(k). This is what helps reduce your taxable income. Unless you made contributions, it won't help you. It is usually in box 12--under code D

 
 
 
 
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