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
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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.
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
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.