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taxmap/pubs/p571-000.htm#en_us_publink1000239595
Publication 571

Tax-Sheltered 
Annuity Plans 
(403(b) Plans)


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For Employees of Public Schools and Certain 
Tax-Exempt Organizations


What's New for 2009(p1)


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Temporary waiver of the minimum required distribution.(p1)

For calendar year 2009, there is a temporary waiver of the required minimum distribution from a 403(b) plan. See Minimum Required Distributions in chapter 8, for more information.
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Retirement savings contributions credit.(p1)

For 2009, the adjusted gross income limitations have increased from $53,000 to $55,500 for married filing jointly filers, from $39,750 to $41,625 for head of household filers, and from $26,500 to $27,750 for single, married filing separately, or qualifying widow(er) with dependent child filers. See chapter 10, Retirement Savings Contributions Credit (Saver's Credit), on page 18, for additional information.
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Limit on elective deferrals.(p1)

For 2009, the limit on elective deferrals has increased from $15,500 to $16,500.
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Limit on annual additions.(p1)

For 2009 the limit on annual additions has increased from $46,000 to $49,000.
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Final regulations.(p1)

Final income tax regulations pertaining to tax-sheltered annuities within the meaning of section 403(b) of the Internal Revenue Code will, generally, be effective for tax years beginning after December 31, 2008. For more information, see T.D. 9340, which is on page 487 of Internal Revenue Bulletin 2007-36 at www.irs.gov/pub/irs-irbs/irb07–36.pdf. Also see www.irs.gov/retirement.

What's New for 2010(p2)


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Retirement savings contributions credit.(p2)

For 2010, the adjusted gross income limitations remain unchanged at $55,500 for married filing jointly filers, $41,625 for head of household filers, and at $27,750 for single, married filing separately, or qualifying widow(er) with dependent child filers. See chapter 10, Retirement Savings Contributions Credit (Saver's Credit), on page 18, for additional information.
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Limit on elective deferrals.(p2)

For 2010, the limit on elective deferrals remains unchanged at $16,500.
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Limit on annual additions.(p2)

For 2010, the limit on annual additions remains unchanged at $49,000.

Reminders(p2)


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Rollovers to Roth IRA.(p2)

Beginning January 1, 2008, distributions from tax-qualified retirement plans and tax-sheltered annuities can be converted by making a rollover into a Roth IRA subject to the restrictions that currently apply to rollovers from a traditional IRA into a Roth IRA.
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Photographs of missing children.(p2)

The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child.

taxmap/pubs/p571-000.htm#TXMP1f114121Introduction

This publication can help you better understand the tax rules that apply to your 403(b) (tax-sheltered annuity) plan.
In this publication, you will find information to help you:
This publication does not provide specific information on the following topics.
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How to use this publication.(p2)


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This publication is organized into chapters to help you find information easily.
Chapter 1 answers questions frequently asked by 403(b) plan participants.
Chapters 2 through 6 explain the rules and terms you need to know to figure the maximum amount that could have been contributed to your 403(b) account for 2009 and the maximum amount that can be contributed to your 403(b) account in 2010.
Chapter 7 provides general information on the prevention and correction of excess contributions to your 403(b) account.
Chapter 8 provides general information on distributions, transfers, and rollovers.
Chapter 9 provides blank worksheets that you will need to accurately and actively participate in your 403(b) plan. Filled-in samples of most of these worksheets can be found throughout this publication.
Chapter 10 explains the rules for claiming the retirement savings contributions credit (saver's credit).
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Comments and suggestions.(p2)


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We welcome your comments about this publication and your suggestions for future editions.
You can write to us at the following address:

Internal Revenue Service 
TE/GE and Specialty Forms and  
Publications Branch 
SE:W:CAR:MP:T:T:SP 
1111 Constitution Ave. NW, IR-6526 
Washington, DC 20224


We respond to many letters by telephone. Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence.
You can email us at *taxforms@irs.gov. (The asterisk must be included in the address.) Please put "Publications Comment" on the subject line. Although we cannot respond individually to each email, we do appreciate your feedback and will consider your comments as we revise our tax products.
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Ordering forms and publications.(p2)
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Visit www.irs.gov/formspubs to download forms and publications, call 1-800-829-3676, or write to the address below and receive a response within 10 days after your request is received.

 
Internal Revenue Service 
1201 N. Mitsubishi Motorway 
Bloomington, IL 61705-6613


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Tax questions.(p2)
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If you have a tax question, check the information available on www.irs.gov or call 1-800-829-1040. We cannot answer tax questions sent to either of the above addresses.

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Useful items

You may want to see:


Publication
 517 Social Security and Other Information for Members of the Clergy and Religious Workers
 575 Pension and Annuity Income
 590 Individual Retirement Arrangements (IRAs)
Form (and Instructions)
 W-2: Wage and Tax Statement
 1099-R: Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
 5329: Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts
 5330: Return of Excise Taxes Related to Employee Benefit Plans
 8915: Qualified Hurricane Retirement Plan Distributions and Repayments