dmertz
Level 15

Retirement tax questions

The $18k limit for elective deferrals to a 401(k) and the $18k limit for elective deferrals to a 457(b) are separate, independent limits, allowing you to defer $18k to each.

You do not "claim a deduction" for these unless you are self-employed with respect to these jobs.  If you receive a W-2 from your employers, the employers will have already excluded from box 1 these amounts reported with codes E and G.

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