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dkausak
New Member

Can I deduct my company's matching retirement savings I had deducted, code G?

The amount is shown in block 12a on my W-2.  Never got a 1099?
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MinhT
Expert Alumni

Can I deduct my company's matching retirement savings I had deducted, code G?

You do not deduct separately the amount you contributed to your 457(b) on your tax return. This amount is reported on your form W-2 on line 12 code G and has already been deducted from your taxable wages reported in box 1 of form W-2.

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1 Reply
MinhT
Expert Alumni

Can I deduct my company's matching retirement savings I had deducted, code G?

You do not deduct separately the amount you contributed to your 457(b) on your tax return. This amount is reported on your form W-2 on line 12 code G and has already been deducted from your taxable wages reported in box 1 of form W-2.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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