Contribution year

Generally, the contribution year is the period that:

  • begins on the 61st day of a year, the last 10 months (March to December) of the tax year (ordinarily March 2nd to December 31st of the tax year)
  • ends on the 60th day of the following year (ordinarily January 1st to March 1st of the following year)

However, the start of a "contribution year" depends on whether the end of the previous contribution year falls on Saturday or Sunday. In such cases, the preceding contribution year ends on the first business day that follows that Saturday or Sunday, and the start of the current contribution year begins on the day after that first business day.

Contribution periods per year
Tax year 1st contribution period 2nd contribution period
2014 March 4th, 2014 to December 31st, 2014 January 1st, 2015 to March 2nd, 2015
2015 March 3rd, 2015 to December 31st, 2015 January 1st, 2016 to February 29th, 2016
2016 March 1st, 2016 to December 31st, 2016 January 1st, 2017 to March 1st, 2017
2017 March 2nd, 2017 to December 31st, 2017 January 1st, 2018 to March 1st, 2018
2018 March 2nd, 2018 to December 31st, 2018 January 1st, 2019 to March 1st, 2019
2019 March 2nd, 2019 to December 31st, 2019 January 1st, 2020 to March 2nd, 2020  

Example 

For the 2019 contribution year which begins on the 61st day of 2019 (March 2nd) and ends on the 60th day of 2020 (March 2, 2020), each record for a particular contributor to a particular plan would provide a breakdown of the total contributions made during the following periods: March 2, 2019 to December 31, 2019; and January 1, 2020 to March 2, 2020.

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