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?
02991
2 Replies
VolvoGirl
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.