A 457(b) plan is a deferred compensation plan for employees of state and local governments or certain tax-exempt organizations. An eligible government 457 deferred compensation plan is not a qualified plan.
For informational purposes, contributions to a 457(b) plan are indicated with a code "G" in Box 12 of the Form W-2.
For more information, please see IRC
457(b) Deferred Compensation Plans and the TurboTax FAQs below.
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