vnaab521
New Member

Is 457(b) loan payment taxable

Hello, I was able to take a loan out from my 457(b) account for a house downpayment. I am paying the loan back into my account at 4% at $926.00 per month by payroll deduction with post tax income. It seems I will be taxed twice, once on repayment and again on distribution. Is my repayment tax deductible?...thanks, Vic.