| Publication 571 |
2001 Tax Year |
Chapter 13
Worksheets
Chapter 3 introduced you to the term maximum amount contributable (MAC). Generally, your MAC for 2001 is the least of your:
- Maximum exclusion allowance (chapter 3),
- Limit on annual additions (chapter 4 for the general rule or chapter 6 for alternative limits), or
- Limit on elective deferrals (chapter 5).
Worksheets 1 through 4 in this chapter pull all three of these components together to help you figure your MAC for 2001.
For 2002, MAC is generally the lesser of your limit on annual additions or your limit on elective deferrals. Chapter 9 has information on figuring
your MAC for 2002. Worksheet 7 in this chapter can help you figure your MAC for 2002.
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