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The Financial Planning Center Comprehensive Financial Planning
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Important IRS Tax Changes 2001 |
This is the internet’s source for information on Retirement Accounts for beginners and professionals. The IRA Center covers information on traditional IRAs, roth IRAs, 401(k)s, 401(k) rollovers, SIMPLE IRAs, SEP IRAs, 403(b)s, SARSEPs, Keoghs, Pension Plans.
The following information highlights important IRS changes pertaining to IRAs for tax year 2001
For more information call toll-free Dr. Constantin Brancov, toll-free at 877-829-1026.
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Coverdell education savings accounts
(formerly education IRAs). Education IRAs have been renamed Coverdell
education savings accounts. Coverdell education savings accounts
are no longer covered in this publication. They are now covered
in Publication 970, Tax Benefits for higher education.
Modified AGI limit for traditional IRAs. For 2001, if you are covered by a retirement plan at work, your deduction for contributions to a traditional IRA will be reduced if your modified adjusted gross income (AGI) is between:
For all filing statuses other than married filing a separate return, the upper and lower limits of the phase-out range increased by 41,000. |
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Click Here for more information on financial planning and The Financial Planning Center
Contact: ProActive Financial Planning
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