In general, you must file Form 5329 to report an exception to the 10% additional tax on an early distribution from a qualified retirement plan, including an IRA.

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 accounts. Find …

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 IRAs, …

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 Accounts, …

Dec 15, 2025 · In this post, we’ll explore who needs to file IRS Form 5329, what it covers, and how you can simplify the process with step-by-step instructions and a helpful tool like Jotform’s 5329 Form …

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 instructions.

Dec 8, 2025 · Calculate and report additional taxes on early distributions, excess contributions, and missed RMDs using IRS Form 5329.

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're unsure how to fill out Form 5329, our step-by-step guide will help you understand and complete this tax form with ease.

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 Form 1040 or …