Contribution to PERS after taxes

[jobyboy]

I contributed to Nevada PERS (Public Employees Retirement System) 50/50 with my employer. It shows on W-2 in the box "14 Other" as EEPERSPART. Where do I enter it on the return as the deduction? I did try to enter it in the Retirement Savings Contribution Credit, but it would not go to update when I click on it. I contributed $7,000 after taxes.

[Critter · Accepted solution]

You do not enter it anywhere as a deduction on your return.  

And the box 14 contributions may not qualify for the form 8880 credit ....Line 2 instructions are here:

Include on line 2 any of the following amounts.

•  Elective deferrals to a 401(k) or 403(b) plan (including designated Roth contributions under section 402A), or to a governmental 457, SEP, or SIMPLE plan.
•  Voluntary employee contributions to a qualified retirement plan as defined in section 4974(c) (including the federal Thrift Savings Plan).
•  Contributions to a 501(c)(18)(D) plan.

[jobyboy]

It's hard to believe that I can't get a break for $7,000 after taxes contribution?

[Critter]

Well if the plan isn't one of those then you don't get a break ... the tax break comes later when you take the distributions ... at that point your contributions coming back to you are tax free.

[Pipefitter1994]

Hey have you figured anything out? Im in the same boat, was wondering if i could deduct what I've paid into it. Paying extra taxes on 20k with no deduction is terrible.

[RogerD1]

You can't deduct employee contributions to the Nevada Public Employees Retirement System.  Most pension systems typically work that way, with employer contributions being considered "pre-tax" and employee contributions being considered "after-tax"  When you do retire and start drawing a pension from Nevada PERS, the amount of the payment attributed to your contributions will not be taxable.