Contribution year

Generally, the contribution year is the period that:

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
2017 March 2, 2017, to December 31, 2017 January 1, 2018, to March 1, 2018
2018 March 2, 2018, to December 31, 2018 January 1, 2019, to March 1, 2019
2019 March 2, 2019, to December 31, 2019 January 1, 2020, to March 2, 2020
2020 March 3, 2020, to December 31, 2020 January 1, 2021, to March 1, 2021
2021 March 2, 2021, to December 31, 2021 January 1, 2022, to March 1, 2022

Example 

For the 2021 contribution year, which begins on the 61st day of 2021 (March 2) and ends on the 60th day of 2022 (March 1), 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, 2021, to December 31, 2021, and January 1, 2022, to March 1, 2022.

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