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Publication 571 2001 Tax Year

Important Changes for 2002

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This is archived information that pertains only to the 2001 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

Increase in the limit on elective deferrals. Effective for years beginning in 2002, the limit on elective deferrals has been increased from $10,500 to $11,000.

Credit for elective deferrals. Effective for years beginning after 2001, you may be eligible to take a percentage of your actual elective deferrals as a credit. For more information, see Publication 553.

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