File Form 5329 with your 2024 Form 1040, 1040-SR,1040-NR, or 1041 by the due date, including extensions, of your tax return. If you don’t have to file a 2024 income tax return, complete and …

For the latest information about developments related to Form 5329 and its instructions, such as legislation enacted after they were published, go to IRS.gov/Form5329.

Information about Form 5329, Additional Taxes on Qualified Plans (including IRAs) and Other Tax-Favored Accounts, including recent updates, related forms and instructions on how to file.

Apr 25, 2024 · Commonly asked questions about the form and how to complete it. When filing tax returns, it’s important to report all income sources accurately.

If you only owe the additional 10% tax on the full amount of the early distributions, you may be able to report this tax directly on Schedule 2 (Form 1040), line 8, without filing Form 5329. See …

Jul 2, 2025 · Trying to navigate IRS Form 5329? This step-by-step guide will break down everything about additional taxes for your tax-favored accounts.

Jul 8, 2025 · The Internal Revenue Service (IRS) has posted an updated draft 2025 Instructions for Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored …

This article tells you about the purpose and use of IRS Form 5329. It covers how to report early distributions, excess contributions, and calculate taxes on various tax-favored accounts like …

Mar 21, 2025 · Form 5329 reports a taxpayer's use of a tax-advantaged savings plan that is subject to an IRS penalty. The form is filled out and submitted by the taxpayer with an annual …

Nov 1, 2025 · Form 5329 is used to report additional taxes on qualified retirement plans. Learn how to avoid penalties for early withdrawals from IRAs, 401 (k)s, and other tax-advantaged …