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Level 1

I am a State of Rhode Island employee and contribute to a 414H pension plan why can't I deduct it?

My 414H is mandatory why can't 
I claim it?

1 Reply
Level 6

I am a State of Rhode Island employee and contribute to a 414H pension plan why can't I deduct it?

The IRS does not allow the deduction because they reason you have already received a the tax benefit from these payments made by your employer being excluded from your wages. 

For more information, follow this link: Government Retirement Plans