Do we need to report “EMPLOYER” retirement contributions from a S-Corp small business “Defined Benefit retirement pension plan”, as untaxed income into the FAFSA application? Can’t find any clear info about this.
From FAFSA application:
“Payments to tax-deferred pension and retirement savings plans” and “IRA deductions and payments to self-employed SEP, SIMPLE and Keough plans.”
I am talking about the money that the Employer/business contributes to its employees’ pension plan yearly, not payments from the plan that a retiree may receive as income after retiring. In a Defined Benefit Plan only the employer contributes to the plan, employees don’t contribute and are not allowed to voluntarily contribute.
Thanks!