Guest Golden Girl Posted March 10, 2014 Share Posted March 10, 2014 Not for Profit Plan Plan is distribuitng 457 deferal account. Actual deferrals from pay were already taxed for FICA/FUTA when made/ Are the earnings on the deferrals subject to FICA/FUTA or are they somehow exempted? Thanks Link to comment Share on other sites More sharing options...
Belgarath Posted March 11, 2014 Share Posted March 11, 2014 Assuming that as you said, they were subject to FICA/FUTA when deferred, then upon distribution, the gain is not taxed. See IRC 3121(v)(2)(B) and IRC 3306®(2)(B). Link to comment Share on other sites More sharing options...
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