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New Member
posted Mar 17, 2020 2:21:16 PM

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

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2 Replies
Expert Alumni
Mar 17, 2020 2:33:23 PM

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

 

Level 15
Mar 17, 2020 5:29:15 PM

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.