TaxGuyBill
Level 15
02-02-2025
02:43 PM
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You look at the Instructions and in the Box 12 Code descriptions, it says:
"Elective deferrals and employer contributions
(including nonelective deferrals) to a section
457(b) deferred compensation plan".
Employer contributions and nonelective deferrals don't qualify for the credit. Even if ignore the "employer" part, nonelective deferrals do not qualify for the credit [see §25B(d)(1)(B)(ii)].
https://www.irs.gov/pub/irs-pdf/iw2w3.pdf#page=32