Dh has a new (2017) profit sharing 401k. It isn't fully vested, and we didn't touch the portion that is. I know we don't have to pay taxes on it right now, but does it need to be reported in our filing this year?
We weren't given any real documentation on it at the time except for a computer screen shot, so I don't know what to expect them to send, if anything, with tax documents. It's a tiny company, and their human resources/payroll department is... not the best. Because our health insurance costs are directly tied to our income, it's kind of important that I know what to expect!
IF you purchase your insurance through the Marketplace, and
IF your 401(k) is a typical employer provided 401(k),
then the answer is no, your 401(k) contributions are not counted as income.
You can expect everything you need to be on your W-2, as a PP stated.
For this purpose, your "income" is actually your "Modified Adjusted Gross Income," called MAGI. For various reasons, it can be helpful to know what is included in MAGI, and how you can change it to best benefit your situation. (For example, if you want to lower your MAGI, you might increase your own 401(k) contribution.)
Edited: I wrote W-4, which should have been W-2!
Edited by ThisIsTheDay, 13 January 2018 - 01:29 PM.