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Question

My 457b from 2016 and 2017

Forum|Forum|7 years ago
June 6, 2019
1 reply
4 views

My 457b is indicated on my W2 from 2016. However i can note contributions up to Jan 1/2017- April 17/2017. Can i count my contributions in 2017 as a deduction and credits?

TurboTax Deluxe Online

A

Anonymous

No. Only your 2016 elective deferrals to a 457 plan will count toward 2016. Your contributions should be captured from your W2, so no further reporting is necessary.

You may be confusing your 457 with an IRA. IRAs are self-directed through a bank, mutual fund company, or broker, and have a 2016 contribution deadline of April 17, 2017.