Where do I add my traditional 457 contributions in? There is a number on my W2 Box 12b G but do I need to add it again?
031413
3 Replies
MinhT
Expert Alumni
Jun 6, 2019 8:49:16 AM
Your contributions to your 457 plan have already been deducted from your taxable wages reported in box 1 of your form W-2. They are reported also in box 12.
You do not need to report them again in your return.
duffym3
New Member
Jun 6, 2019 8:49:17 AM
What if the pre-tax contributions to a 457 plan are not also reported in box 12? Then may they be deducted?
MinhT
Expert Alumni
Jun 6, 2019 8:49:18 AM
Please check if taxable wages reported in box 1 of form W-2 is less than box 5 by the the amount of your contributions. If so, your contributions have already been excluded from taxation and you cannot deduct them again.