New York State exempts $20,000 annually from distributions from 457 plans
Question – Does New York State require periodic distributions from the 457 plan to qualify for the exemption? Can the distributions amount be changed every year?
Question – Does New York State require periodic distributions from the 457 plan to qualify for the exemption? Can the distributions amount be changed every year?
Permalink Submitted by Alan - IRA critic on Mon, 2018-08-06 23:17
Yes, 457 plan distributions qualify for the 20k exclusion regardless of the form of distribution.
Permalink Submitted by Peter Thomann on Tue, 2018-08-07 09:30
Periodic distributions apply to 457/401k/403b distributions, but not on IRA distributions.