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Retirement tax questions
The question is trying to determine if the contributions qualify you for the Saver's Credit. Eligible contributions are those that you make by payroll deduction (which is what it sounds like in your case). Contributions made by your employer are not eligible.
So if you authorized your employer to take the contributions to the 457(b) out of your paycheck by means of payroll deduction, you would answer "NO" to "Did you elect to have your employer make contributions to your deferred compensation plan?"
NOTE, there are other requirements for the Saver's Credit, so you might not qualify for it anyway.
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‎January 27, 2023
11:09 AM