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previous page Previous Page: Publication 571 - Tax-Sheltered Annuity Plans (403(b) Plans) - 403(b) Plan Basics
next page Next Page: Publication 571 - Tax-Sheltered Annuity Plans (403(b) Plans) - Who Can Participate in a 403(b) Plan?
 Use previous pagenext page to find additional occurrences of topic items.Index for this Publication
taxmap/pubs/p571-002.htm#en_us_publink1000129355

What Are the Benefits of Contributing to a 403(b) Plan?(p3)


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What Are the Benefits of Contributing to a 403(b) Plan?

 
There are three benefits to contributing to a 403(b) plan.
taxmap/pubs/p571-002.htm#en_us_publink1000129357

Excluded.(p3)
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If an amount is excluded from your income, it is not included in your total wages on your Form W-2. This means that you do not report the excluded amount on your tax return.
taxmap/pubs/p571-002.htm#en_us_publink1000129358

Deducted.(p3)
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If an amount is deducted from your income, it is included with your other wages on your Form W-2. You report this amount on your tax return, but you are allowed to subtract it when figuring the amount of income on which you must pay tax.
previous pagePrevious Page: Publication 571 - Tax-Sheltered Annuity Plans (403(b) Plans) - 403(b) Plan Basics
next pageNext Page: Publication 571 - Tax-Sheltered Annuity Plans (403(b) Plans) - Who Can Participate in a 403(b) Plan?
 Use previous pagenext page to find additional occurrences of topic items.Index for this Publication