Change to 2021 Publication 560, Chapter 6 References on Pages 7, 15, and 22

 

Notice: Historical Content


This is an archival or historical document and may not reflect current law, policies or procedures.

In the 2021 Pub 560, on page 7, under" Deduction Limit for Self-Employed Individuals", second paragraph, the last 2 sentences are rewritten as follows.

"To do this, use the Rate Table for Self-Employed or the Rate Worksheet for Self-Employed, whichever is appropriate for your plan's contribution rate, in chapter 5. Then, figure your maximum deduction by using the Deduction Worksheet for Self-Employed in chapter 5."

In the 2021 Pub 560, on page 15, under "Deduction Limit for Self-Employed Individuals", second paragraph, the last two sentences are rewritten as follows.

"To do this, use either the Rate Table for Self-Employed or the Rate Worksheet for Self-Employed in chapter 5. Then, figure your maximum deduction by using the Deduction Worksheet for Self-Employed in chapter 5."

In the 2021 Pub 560, on page 22, under "Table and Worksheets for the Self-Employed", under the Caution, the first sentence is rewritten as follows.

"The table and the worksheets in chapter 5 apply only to self-employed individuals who have only one defined contribution plan, such as a profit-sharing plan."