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ojs03
New Member

Are my contributions to my nonqualified 409A deferred compensation plan tax deductible similar to 401k contributions? Thank you.

 
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1 Reply
MinhT1
Expert Alumni

Are my contributions to my nonqualified 409A deferred compensation plan tax deductible similar to 401k contributions? Thank you.

A 409A plan is a non-qualified deferred compensation plan which in general, allows you to defer higher amounts than qualified plans. The amounts you defer are not deductible.

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