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currof00
Level 1
Oct 7, 2019 4:46 PM UTC
Question

retirement

I have a 457b acct that I want to add catchup payment. Does Turbo ax accommodate this ?

1 reply

DoninGA
Level 15
DoninGALevel 15
Level 15
Oct 7, 2019 4:54 PM UTC

Catch up contributions are through your employer's 457b plan, not on a tax return.

 

Plan participants must make catch-up contributions to a retirement plan via elective deferrals. Catch-up contributions must be made before the end of the plan year.

 

IRS website - https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-catch-up-contributions

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