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Publication 571 2001 Tax Year

Amounts Previously Excludable

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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.

To figure your MEA for 2001, you must know the amounts previously excludable from your income.

Table 3-5. Worksheet C. Includible Compensation for your Most recent year of service

Amounts previously excludable are the total of all contributions for retirement benefits made for you by your employer that you excluded from your gross income in prior years. Amounts previously excludable do not include amounts excluded for 2001.

Amounts previously excludable include contributions in earlier years by your employer to:

  • Your 403(b) account,
  • A qualified annuity plan or a qualified pension, profit-sharing plan, or stock bonus trust,
  • A qualified bond-purchase plan,
  • A retirement plan under which the contributions originally were excludable by you only because your rights to the contributions were forfeitable when made, and which also were excludable by you when your rights became nonforfeitable. (This does not apply to contributions to purchase an annuity contract if your employer was an exempt organization when the contributions were made.),
  • An eligible section 457 deferred compensation plan, even if maintained by a separate employer, or
  • Excess contributions made to your 403(b) account that are more than your limit on annual additions.

For 2001, contributions to a defined benefit plan do not have to be treated as amounts previously excludable. Your employer can tell you if any contributions were made on your behalf to a defined benefit plan.

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