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March 17, 2020
Question

Do 457(b) accounts count for qualified retirement savings contribution credit?

  • March 17, 2020
  • 2 replies
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2 replies

March 17, 2020

Yes, contributions to a 457(b) count as savings contributions for the credit.

 

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Employee
March 18, 2020

Only the elective deferrals or Roth contributions to a governmental 457(b) count.  If the 457(b) is a nongovernmental 457(b), contributions to it do not count for the retirement savings contributions credit.