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cjdodd72
New Member

Do 457(b) accounts count for qualified retirement savings contribution credit?

 
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‎March 17, 2020 2:21 PM
last updated ‎March 17, 2020 2:21 PM
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MinhT1
Expert Alumni
Expert Alumni

Do 457(b) accounts count for qualified retirement savings contribution credit?

Yes, contributions to a 457(b) count as savings contributions for the credit.

 

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‎March 17, 2020 2:33 PM
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dmertz
Level 15

Do 457(b) accounts count for qualified retirement savings contribution credit?

Only the elective deferrals or Roth contributions to a governmental 457(b) count.  If the 457(b) is a nongovernmental 457(b), contributions to it do not count for the retirement savings contributions credit.

‎March 17, 2020 5:29 PM
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