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Are contributions taxable?


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Guest Sam Trager
Posted

Read an article that says IRS Notice 2003-20 states that employers must report contributions to 457 plans on individual w2's. Has anyone heard of this? would this mean that contributions are now taxable?

  • 3 weeks later...
Posted

Salary reduction amounts have always been reported on W2s. 457 plans are now being included in this requirement. Taxation on these amounts remain tax-deferred.

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