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coffee21
New Member

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

 
1 Reply
MaryK1
Level 9

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

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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