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New Member

Are repayments to a retirement account deductable?

Last year we repaid money into my husband retirement account. He changed positions approx. 20 years ago, but still working with the same employer. When he changed positions they paid some money out to him and years later told him it would effect his retirement date, and requested that if his retirement date was to remain the same, that the money would have to be repaid. Is this money that we repaid deductible? How is it entered?

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New Member

Are repayments to a retirement account deductable?

Unfortunately, there's not a deduction that you can take for a retirement buy-back.