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coffee21
Level 1
June 4, 2019
Question

Can a 457 deferred compensation plan be considered IRA as a deduction

  • June 4, 2019
  • 1 reply
  • 23 views
No text available

    1 reply

    MaryK1
    Level 11
    June 4, 2019

    No, a 457 plan is a type of qualified tax advantaged deferred-compensation retirement plan that is available for governmental and certain non-governmental employers in the United States. The employer provides the plan and the employee defers compensation into it on a pre-tax basis.

    IRAs are individual retirement plans that are not through an employer

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