There is an amount on line 12 of my W-2. Is this information relevant when preparing my tax return?

 
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Posted On : 26th Nov 2010

 There is an amount on line 12 of my W-2. Is this information relevant when preparing my tax return?

Yes, in some situations the information is relevant. This information can have a dramatic affect on certain items.
One example is that it can trigger a "Saver's Credit".

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