https://ttlc.intuit.com/community/retirement/discussion/if-your-form-w-2-has-a-code-g-in-box-12-this-indicates-e/01/595951#M55970 <P>If your Form W-2 has a Code G in Box 12, this indicates elective deferrals and employer contributions (including nonelective deferrals) in your section 457(b) deferred compensation plan. There is no deduction for your elective deferral contributions as they are pre-tax. <BR /></P><P>According to <SPAN><A href="https://www.irs.gov/Retirement-Plans/Plan-Participant,-Employee/Retirement-Topics-Contributions" rel="nofollow" target="_blank">IRS Retirement Topics - Contributions</A>, if</SPAN> your plan allows after-tax contributions they are not excluded from your income and you cannot deduct them on your tax return.</P><P></P><P> </P><P>See also: <SPAN><A href="https://www.irs.gov/Retirement-Plans/Plan-Participant,-Employee/Retirement-Topics-457b-Contribution-Limits" rel="nofollow" target="_blank">IRS Retirement Topics - 457(b) Contribution Limits</A>.</SPAN></P> <P></P><P> <BR /> </P><P></P><P> </P><P> <BR /> </P> <P></P><BR /><BR /><BR /> Thu, 06 Jun 2019 05:18:22 GMT LindaA 2019-06-06T05:18:22Z https://ttlc.intuit.com/community/retirement/discussion/457b-contributions-as-a-deduction/01/595946#M55969 Thu, 06 Jun 2019 05:18:20 GMT https://ttlc.intuit.com/community/retirement/discussion/457b-contributions-as-a-deduction/01/595946#M55969 sttelr 2019-06-06T05:18:20Z https://ttlc.intuit.com/community/retirement/discussion/if-your-form-w-2-has-a-code-g-in-box-12-this-indicates-e/01/595951#M55970 <P>If your Form W-2 has a Code G in Box 12, this indicates elective deferrals and employer contributions (including nonelective deferrals) in your section 457(b) deferred compensation plan. There is no deduction for your elective deferral contributions as they are pre-tax. <BR /></P><P>According to <SPAN><A href="https://www.irs.gov/Retirement-Plans/Plan-Participant,-Employee/Retirement-Topics-Contributions" rel="nofollow" target="_blank">IRS Retirement Topics - Contributions</A>, if</SPAN> your plan allows after-tax contributions they are not excluded from your income and you cannot deduct them on your tax return.</P><P></P><P> </P><P>See also: <SPAN><A href="https://www.irs.gov/Retirement-Plans/Plan-Participant,-Employee/Retirement-Topics-457b-Contribution-Limits" rel="nofollow" target="_blank">IRS Retirement Topics - 457(b) Contribution Limits</A>.</SPAN></P> <P></P><P> <BR /> </P><P></P><P> </P><P> <BR /> </P> <P></P><BR /><BR /><BR /> Thu, 06 Jun 2019 05:18:22 GMT https://ttlc.intuit.com/community/retirement/discussion/if-your-form-w-2-has-a-code-g-in-box-12-this-indicates-e/01/595951#M55970 LindaA 2019-06-06T05:18:22Z