KAPERS= Kansas state employee retirement plan.
I know it can be used on the state form but I'm unsure if it can be used on the federal form.
2007-03-07 00:52:46 · 2 answers · asked by its_jst_me2003 1 in Business & Finance ➔ Taxes ➔ United States
yes it does qualify
Eligible contributions. These include:
Contributions to a traditional or Roth IRA, and
Salary reduction contributions (elective deferrals) to:
A 401(k) plan (including a SIMPLE 401(k)),
A section 403(b) annuity,
An eligible deferred compensation plan of a state or local government (a 457 plan),
A SIMPLE IRA plan, or
A salary reduction SEP.
http://www.irs.gov/publications/p571/ch10.html
2007-03-07 00:59:10 · answer #1 · answered by Anonymous · 1⤊ 0⤋
KPERS qualifies for the retirement savings credit only if you voluntarily contribute additional money after taxes. KPERS contributions that are taken out pre-tax doesn't qualify.
KPERS isn't counted into your income for federal taxes but it is for state.
2007-03-07 03:01:33 · answer #2 · answered by Celeste 6 · 0⤊ 1⤋