Have a Tax Question? Ask a Tax Expert
Hi and welcome to Just Answer!Your employer's contribution into your retirement fund generally is not included into your taxable income - so there is no need to deduct it again.If for whatever reason these contributions were included into your taxable income - that will be your basis in the retirement fund.When you start receiving your pension - it generally is taxable, but if you have a basis (contributions made with after tax funds) - that amount is recovered tax free.Let me know if you need any help with reporting.
what about into politacl and train contribution off pay check been taxed
Political contributions may not deducted.If you pay for training - these expenses may be deducted as educational expenses. Depending on your situation - different educational credit or deduction may be used.