Starting with NTS version 5.10, the system will automatically calculate the amount of a 403(b) salary reduction agreement (also known as a TSA or Tax-sheltered Annuity).
To automatically have NTS calculate and include a 403(b) elective deferral:
- The name of the deduction must include "403(b)". If necessary, change the name of the deduction to include "403(b)". See How do I edit a benefit? for further instructions.
IMPORTANT: You should keep a paper copy of ALL forms submitted to the IRS. Do NOT expect that you will be able to reprint these forms from NTS at a later date.
The information contained in this web page is of a general nature. It is not offered as specific legal or tax "advice." Each person, local church, and district should evaluate their own unique situation in consultation with their local legal and tax advisors.