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chinepelh8
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We contributed money from our bank account into a PERS account. Is that amount deductible for 2016?

we contributed money from our bank account into a PERS account. Is that amount deductible for 2016?


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‎June 7, 2019 3:15 PM
last updated ‎June 07, 2019 3:15 PM
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Bsch4477
Level 15
Level 15

We contributed money from our bank account into a PERS account. Is that amount deductible for 2016?

Contributions to that account include both voluntary and non-voluntary contributions.  Only the voluntary contributions are eligible for retirement credit.  Your HR department can tell you whether those contributions are voluntary.

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‎June 7, 2019 3:15 PM
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TomYoung
Level 13

We contributed money from our bank account into a PERS account. Is that amount deductible for 2016?

What is a "PERS account"?
‎June 7, 2019 3:15 PM
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Bsch4477
Level 15
Level 15

We contributed money from our bank account into a PERS account. Is that amount deductible for 2016?

Contributions to that account include both voluntary and non-voluntary contributions.  Only the voluntary contributions are eligible for retirement credit.  Your HR department can tell you whether those contributions are voluntary.

‎June 7, 2019 3:15 PM
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