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New Member
posted Feb 22, 2024 8:49:42 AM

Can I claim a purchase through my retirement system? Purchase is to retire earlier and to my pension multiplier. I bought with savings and from my 457b. No form given

If not forms were given from my job (I asked but none to give) under what section would I claim the purchase in turbo tax.

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1 Replies
Level 15
Feb 22, 2024 9:02:13 AM

There is no tax deduction for that.  Instead, the pension payer keeps track of any after-tax credits you buy, and when you begin collecting your pension, a portion of it will be reported as non-taxable.