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New Member
posted Jun 4, 2019 5:49:06 PM

I have a 457B pre-tax account (traditional) and the contribution is reported on W2 under 12G. Can I claim the contribution as the deduction from my taxable income?

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2 Replies
Level 15
Jun 4, 2019 5:49:08 PM

No.  It is pretax meaning before taxes.  It has already been deducted from the wages in box 1 on your W2 and you can’t deduct them again.

Level 15
Jun 4, 2019 5:49:09 PM

You only enter it from the W2, nowhere else.