My gross income is just above 110K and is starting to cut into my child tax credit. I know that tax deferred contributions to a 403b can lower my adjusted gross income in order to get the full child tax credit.
Is the same true of the 457? Will tax deferred (pre-tax) contirbutions to a 457 effectively lower my adjusted gross income with respect to the child tax credit ceiling?
Also, is it true that contributions I make to my pension plan are NOT counted towards my gross income for the purposes of determining my qualification for the child tax credit?
Any help at all is apprecaited. Thank you!