You'll need to sign in or create an account to connect with an expert.
Only voluntary contributions to a governmental 457(b) qualify for this credit. Mandatory contributions and contributions to a nongovernmental 457(b) do not. Also, this credit is "nonrefundable," meaning that it cannot be used to reduce income tax below zero. If income tax is already zero without this credit, the amount of this credit will be zero.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
henry1959
New Member
jjyoo92
New Member
MojoMom777
Level 3
dlj56
New Member
goodnewsforyou
Level 3
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.