Jump to content
Sign in to follow this  
Daniel

Accounting For Deferrals

Recommended Posts

Deferrals to a 457 plan are subject to FICA (and FUTA, if a non-governmental employer) taxes at the later of the time that (1) services are performed or (2) there is no substantial risk of forfeiture to the rights of the amounts deferred. In a typical 457 plan, amounts deferred are immediately “vested,” thus are subject to FICA/FUTA taxes at the time of deferral.

 

Hope this helps.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

×
×
  • Create New...