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Are my contributions to my nonqualified 409A deferred compensation plan tax deductible similar to 401k contributions? Thank you.

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Are my contributions to my nonqualified 409A deferred compensation plan tax deductible similar to 401k contributions? Thank you.

A 409A plan is a non-qualified deferred compensation plan which in general, allows you to defer higher amounts than qualified plans. The amounts you defer are not deductible.

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Are my contributions to my nonqualified 409A deferred compensation plan tax deductible similar to 401k contributions? Thank you.

Are my contributions to my nonqualified 409A deferred compensation plan tax deductible similar to 401k contributions? Thank you.

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