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File free federal and state taxes online Publication 531 - Introductory Material Table of Contents Future Developments What's New Reminder IntroductionOrdering forms and publications. File free federal and state taxes online Tax questions. File free federal and state taxes online Future Developments For the latest information about developments related to Publication 531, such as legislation enacted after this publication was published, go to www. File free federal and state taxes online irs. File free federal and state taxes online gov/pub531. File free federal and state taxes online What's New Additional Medicare Tax. File free federal and state taxes online  Beginning in 2013, a 0. File free federal and state taxes online 9% Additional Medicare Tax applies to Medicare wages, Railroad Retirement Tax Act (RRTA) compensation, and self-employment income that are more than: $125,000 if married filing separately, $250,000 if married filing jointly, or $200,000 for any other filing status. File free federal and state taxes online An employer is required to withhold Additional Medicare Tax on any Medicare wages or RRTA compensation it pays to an employee in excess of $200,000 in a calendar year without regard to the employee's filing status. File free federal and state taxes online An employer is required to begin withholding Additional Medicare Tax in the pay period in which it pays wages or compensation in excess of $200,000 to an employee and continue to withhold it until the end of the calendar year. File free federal and state taxes online Additional Medicare Tax is only imposed on the employee. File free federal and state taxes online There is no employer share of Additional Medicare Tax. File free federal and state taxes online All wages and compensation that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 withholding threshold. File free federal and state taxes online Tips are subject to Additional Medicare Tax withholding, if, in combination with other wages paid by the employer, they exceed the $200,000 withholding threshold. File free federal and state taxes online Similarly, tips are subject to Additional Medicare Tax withholding, if, in combination with other RRTA compensation paid by the employer, they exceed the $200,000 withholding threshold. File free federal and state taxes online For more information on Additional Medicare Tax, go to www. File free federal and state taxes online irs. File free federal and state taxes online gov and enter “Additional Medicare Tax” in the search box. File free federal and state taxes online Reminder Photographs of missing children. File free federal and state taxes online  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. File free federal and state taxes online Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. File free federal and state taxes online You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. File free federal and state taxes online Introduction This publication is for employees who receive tips. File free federal and state taxes online All tips you receive are income and are subject to federal income tax. File free federal and state taxes online You must include in gross income all tips you receive directly, charged tips paid to you by your employer, and your share of any tips you receive under a tip-splitting or tip-pooling arrangement. File free federal and state taxes online The value of noncash tips, such as tickets, passes, or other items of value, is also income and subject to tax. File free federal and state taxes online Reporting your tip income correctly is not difficult. File free federal and state taxes online You must do three things. File free federal and state taxes online Keep a daily tip record. File free federal and state taxes online Report tips to your employer. File free federal and state taxes online Report all your tips on your income tax return. File free federal and state taxes online  This publication will explain these three things and show you what to do on your tax return if you have not done the first two. File free federal and state taxes online This publication will also show you how to treat allocated tips. File free federal and state taxes online Comments and suggestions. File free federal and state taxes online   We welcome your comments about this publication and your suggestions for future editions. File free federal and state taxes online   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. File free federal and state taxes online NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. File free federal and state taxes online Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. File free federal and state taxes online   You can send your comments from www. File free federal and state taxes online irs. File free federal and state taxes online gov/formspubs/. File free federal and state taxes online Click on “More Information” and then on “Comment on Tax Forms and Publications”. File free federal and state taxes online   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. File free federal and state taxes online Ordering forms and publications. File free federal and state taxes online   Visit www. File free federal and state taxes online irs. File free federal and state taxes online gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. File free federal and state taxes online Internal Revenue Service 1201 N. File free federal and state taxes online Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. File free federal and state taxes online   If you have a tax question, check the information available on IRS. File free federal and state taxes online gov or call 1-800-829-1040. File free federal and state taxes online We cannot answer tax questions sent to either of the above addresses. File free federal and state taxes online Prev  Up  Next   Home   More Online Publications
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  • Arkansans Warned to Watch Out for Scam Artists
    As many Arkansans face the destruction caused by the recent storms, tornadoes and floods, state and federal emergency management officials are warning of a danger lurking around the corner: Scam artists could soon appear at your door attempting to take advantage of your vulnerability as a disaster survivor.
  • DOJ Officials Raise Awareness of Disaster Fraud Hotline for Reporting Oil Spill-Related Schemes
    As the Deepwater Horizon oil spill clean-up efforts continue and the Gulf Coast Claims Facility (GCCF) opens its doors, the Department of Justice is reminding members of the public to be aware of and report any instances of suspected fraudulent activity related to relief operations and funding for victims.
  • FTC Warns Consumers: Charity and Home Repair Scams May Appear After a Disaster
    After flooding along the Mississippi River and tornadoes in the southeast and midwest the Federal Trade Commission reminds consumers that scams often follow disasters. The agency warns consumers about urgent appeals for charitable donations, and cautions residents in stricken areas about fraudulent home repair offers. Insurance settlements and other relief are crucial for homeowners and businesses, but these funds also attract criminals.
  • How To Avoid and Report Scam Artists After a Disaster
    After disaster strikes, many businesses, voluntary, faith-based, and community-based organizations, government agencies and committed citizens come together to try and meet the needs of the affected individuals and communities. Unfortunately, disasters often bring out criminals who prey on the needs of disaster survivors by offering fraudulent services. If you suspect anyone - an inspector, disaster survivor, or someone posing as one of these - of fraudulent activities, call our toll-free Disaster Fraud Hotline at 866-720-5721, or your local law enforcement officials.
  • North Carolina Storm Survivors Need to Guard Against Fraud
    Survivors of the storms and tornadoes that struck North Carolina April 16 are being urged to safeguard themselves against another misfortune: disaster-related fraud. Unscrupulous people could be circulating in storm-damaged areas of North Carolina trying to get residents to pay for disaster assistance or for fraudulent repairs.
  • North Carolina Tornado Survivors: Don't be Victimized by Fraud
    Disasters bring out the best in people - and the worst. If you survived the April 16 severe storms and tornadoes, don't be victimized by scam artists who approach you in person or on the telephone.
  • Scam Artists Active After Alex Flooding
    The destruction caused by Hurricane Alex and subsequent flooding has brought out the scam artists, leaving many Texans vulnerable to fraudulent offers of help. The Federal Emergency Management Agency (FEMA) and the Texas Division of Emergency Management (TDEM) urge residents to be aware of three scams that always seem to pop up after a disaster. Texans and everyone should know the following examples by no means exhaust the possibilities.

The File Free Federal And State Taxes Online

File free federal and state taxes online Publication 590 - Introductory Material Table of Contents What's New for 2013 What's New for 2014 Reminders IntroductionOrdering forms and publications. File free federal and state taxes online Tax questions. File free federal and state taxes online Useful Items - You may want to see: Note. File free federal and state taxes online After 2013, Publication 590 will be split into two separate publications as follows. File free federal and state taxes online Publication 590-A, will focus on contributions to traditional IRAs as well as Roth IRAs. File free federal and state taxes online This publication will include the rules for rollover and conversion contributions. File free federal and state taxes online Publication 590-B, will focus on distributions from traditional IRAs as well as Roth IRAs. File free federal and state taxes online This publication will include the rules for required minimum distributions and IRA beneficiaries. File free federal and state taxes online What's New for 2013 Traditional IRA contribution and deduction limit. File free federal and state taxes online  The contribution limit to your traditional IRA for 2013 will be increased to the smaller of the following amounts: $5,500, or Your taxable compensation for the year. File free federal and state taxes online If you were age 50 or older before 2014, the most that can be contributed to your traditional IRA for 2013 will be the smaller of the following amounts: $6,500, or Your taxable compensation for the year. File free federal and state taxes online For more information, see How Much Can Be Contributed? in chapter 1. File free federal and state taxes online Roth IRA contribution limit. File free federal and state taxes online  If contributions on your behalf are made only to Roth IRAs, your contribution limit for 2013 will generally be the lesser of: $5,500, or Your taxable compensation for the year. File free federal and state taxes online If you were age 50 or older before 2014 and contributions on your behalf were made only to Roth IRAs, your contribution limit for 2013 will generally be the lesser of: $6,500, or Your taxable compensation for the year. File free federal and state taxes online However, if your modified adjusted gross income (AGI) is above a certain amount, your contribution limit may be reduced. File free federal and state taxes online For more information, see How Much Can Be Contributed? under Can You Contribute to a Roth IRA? in chapter 2. File free federal and state taxes online Modified AGI limit for traditional IRA contributions increased. File free federal and state taxes online  For 2013, if you were covered by a retirement plan at work, your deduction for contributions to a traditional IRA is reduced (phased out) if your modified AGI is: More than $95,000 but less than $115,000 for a married couple filing a joint return or a qualifying widow(er), More than $59,000 but less than $69,000 for a single individual or head of household, or Less than $10,000 for a married individual filing a separate return. File free federal and state taxes online If you either lived with your spouse or file a joint return, and your spouse was covered by a retirement plan at work, but you were not, your deduction is phased out if your modified AGI is more than $178,000 but less than $188,000. File free federal and state taxes online If your modified AGI is $188,000 or more, you cannot take a deduction for contributions to a traditional IRA. File free federal and state taxes online See How Much Can You Deduct? in chapter 1. File free federal and state taxes online Modified AGI limit for Roth IRA contributions increased. File free federal and state taxes online  For 2013, your Roth IRA contribution limit is reduced (phased out) in the following situations. File free federal and state taxes online Your filing status is married filing jointly or qualifying widow(er) and your modified AGI is at least $178,000. File free federal and state taxes online You cannot make a Roth IRA contribution if your modified AGI is $188,000 or more. File free federal and state taxes online Your filing status is single, head of household, or married filing separately and you did not live with your spouse at any time in 2013 and your modified AGI is at least $112,000. File free federal and state taxes online You cannot make a Roth IRA contribution if your modified AGI is $127,000 or more. File free federal and state taxes online Your filing status is married filing separately, you lived with your spouse at any time during the year, and your modified AGI is more than -0-. File free federal and state taxes online You cannot make a Roth IRA contribution if your modified AGI is $10,000 or more. File free federal and state taxes online See Can You Contribute to a Roth IRA? in chapter 2. File free federal and state taxes online Net Investment Income Tax. File free federal and state taxes online  For purposes of the Net Investment Income Tax (NIIT), net investment income does not include distributions from a qualified retirement plan (for example, 401(a), 403(a), 403(b), 457(b) plans, and IRAs). File free federal and state taxes online However, these distributions are taken into account when determining the modified adjusted gross income threshold. File free federal and state taxes online Distributions from a nonqualified retirement plan are included in net investment income. File free federal and state taxes online See Form 8960, Net Investment Income Tax—Individuals, Estates, and Trusts, and its instructions for more information. File free federal and state taxes online Kay Bailey Hutchison Spousal IRA. File free federal and state taxes online . File free federal and state taxes online  In 2013, spousal IRAs were renamed to Kay Bailey Hutchison Spousal IRAs. File free federal and state taxes online There are no changes to the rules regarding these IRAs. File free federal and state taxes online See Kay Bailey Hutchison Spousal IRA Limit in chapter 1 for more information. File free federal and state taxes online What's New for 2014 Modified AGI limit for traditional IRA contributions increased. File free federal and state taxes online  For 2014, if you are covered by a retirement plan at work, your deduction for contributions to a traditional IRA is reduced (phased out) if your modified AGI is: More than $96,000 but less than $116,000 for a married couple filing a joint return or a qualifying widow(er), More than $60,000 but less than $70,000 for a single individual or head of household, or Less than $10,000 for a married individual filing a separate return. File free federal and state taxes online If you either live with your spouse or file a joint return, and your spouse is covered by a retirement plan at work, but you are not, your deduction is phased out if your modified AGI is more than $181,000 but less than $191,000. File free federal and state taxes online If your modified AGI is $191,000 or more, you cannot take a deduction for contributions to a traditional IRA. File free federal and state taxes online Modified AGI limit for Roth IRA contributions increased. File free federal and state taxes online  For 2014, your Roth IRA contribution limit is reduced (phased out) in the following situations. File free federal and state taxes online Your filing status is married filing jointly or qualifying widow(er) and your modified AGI is at least $181,000. File free federal and state taxes online You cannot make a Roth IRA contribution if your modified AGI is $191,000 or more. File free federal and state taxes online Your filing status is single, head of household, or married filing separately and you did not live with your spouse at any time in 2014 and your modified AGI is at least $114,000. File free federal and state taxes online You cannot make a Roth IRA contribution if your modified AGI is $129,000 or more. File free federal and state taxes online Your filing status is married filing separately, you lived with your spouse at any time during the year, and your modified AGI is more than -0-. File free federal and state taxes online You cannot make a Roth IRA contribution if your modified AGI is $10,000 or more. File free federal and state taxes online Reminders Future developments. File free federal and state taxes online  For the latest information about developments related to Publication 590, such as legislation enacted after it was published, go to www. File free federal and state taxes online irs. File free federal and state taxes online gov/pub590. File free federal and state taxes online Simplified employee pension (SEP). File free federal and state taxes online  SEP IRAs are not covered in this publication. File free federal and state taxes online They are covered in Publication 560, Retirement Plans for Small Business. File free federal and state taxes online Deemed IRAs. File free federal and state taxes online  A qualified employer plan (retirement plan) can maintain a separate account or annuity under the plan (a deemed IRA) to receive voluntary employee contributions. File free federal and state taxes online If the separate account or annuity otherwise meets the requirements of an IRA, it will be subject only to IRA rules. File free federal and state taxes online An employee's account can be treated as a traditional IRA or a Roth IRA. File free federal and state taxes online For this purpose, a “qualified employer plan” includes: A qualified pension, profit-sharing, or stock bonus plan (section 401(a) plan), A qualified employee annuity plan (section 403(a) plan), A tax-sheltered annuity plan (section 403(b) plan), and A deferred compensation plan (section 457 plan) maintained by a state, a political subdivision of a state, or an agency or instrumentality of a state or political subdivision of a state. File free federal and state taxes online Contributions to both traditional and Roth IRAs. File free federal and state taxes online  For information on your combined contribution limit if you contribute to both traditional and Roth IRAs, see Roth IRAs and traditional IRAs under How Much Can Be Contributed? in chapter 2. File free federal and state taxes online Statement of required minimum distribution (RMD). File free federal and state taxes online  If an RMD is required from your IRA, the trustee, custodian, or issuer that held the IRA at the end of the preceding year must either report the amount of the RMD to you, or offer to calculate it for you. File free federal and state taxes online The report or offer must include the date by which the amount must be distributed. File free federal and state taxes online The report is due January 31 of the year in which the minimum distribution is required. File free federal and state taxes online It can be provided with the year-end fair market value statement that you normally get each year. File free federal and state taxes online No report is required for section 403(b) contracts (generally tax-sheltered annuities) or for IRAs of owners who have died. File free federal and state taxes online IRA interest. File free federal and state taxes online  Although interest earned from your IRA is generally not taxed in the year earned, it is not tax-exempt interest. File free federal and state taxes online Tax on your traditional IRA is generally deferred until you take a distribution. File free federal and state taxes online Do not report this interest on your return as tax-exempt interest. File free federal and state taxes online For more information on tax-exempt interest, see the instructions for your tax return. File free federal and state taxes online Photographs of missing children. File free federal and state taxes online  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. File free federal and state taxes online Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. File free federal and state taxes online You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. File free federal and state taxes online Introduction This publication discusses individual retirement arrangements (IRAs). File free federal and state taxes online An IRA is a personal savings plan that gives you tax advantages for setting aside money for retirement. File free federal and state taxes online What are some tax advantages of an IRA?   Two tax advantages of an IRA are that: Contributions you make to an IRA may be fully or partially deductible, depending on which type of IRA you have and on your circumstances, and Generally, amounts in your IRA (including earnings and gains) are not taxed until distributed. File free federal and state taxes online In some cases, amounts are not taxed at all if distributed according to the rules. File free federal and state taxes online What's in this publication?   This publication discusses traditional, Roth, and SIMPLE IRAs. File free federal and state taxes online It explains the rules for: Setting up an IRA, Contributing to an IRA, Transferring money or property to and from an IRA, Handling an inherited IRA, Receiving distributions (making withdrawals) from an IRA, and Taking a credit for contributions to an IRA. File free federal and state taxes online   It also explains the penalties and additional taxes that apply when the rules are not followed. File free federal and state taxes online To assist you in complying with the tax rules for IRAs, this publication contains worksheets, sample forms, and tables, which can be found throughout the publication and in the appendices at the back of the publication. File free federal and state taxes online How to use this publication. File free federal and state taxes online   The rules that you must follow depend on which type of IRA you have. File free federal and state taxes online Use Table I-1 to help you determine which parts of this publication to read. File free federal and state taxes online Also use Table I-1 if you were referred to this publication from instructions to a form. File free federal and state taxes online Comments and suggestions. File free federal and state taxes online   We welcome your comments about this publication and your suggestions for future editions. File free federal and state taxes online   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. File free federal and state taxes online NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. File free federal and state taxes online Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. File free federal and state taxes online   You can send your comments from www. File free federal and state taxes online irs. File free federal and state taxes online gov/formspubs/. File free federal and state taxes online Click on “More Information” and then on “Comment on Tax Forms and Publications”. File free federal and state taxes online   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. File free federal and state taxes online Ordering forms and publications. File free federal and state taxes online   Visit www. File free federal and state taxes online irs. File free federal and state taxes online gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. File free federal and state taxes online Internal Revenue Service 1201 N. File free federal and state taxes online Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. File free federal and state taxes online   If you have a tax question, check the information available on IRS. File free federal and state taxes online gov or call 1-800-829-1040. File free federal and state taxes online We cannot answer tax questions sent to either of the above addresses. File free federal and state taxes online Useful Items - You may want to see: Publications 560 Retirement Plans for Small Business (SEP, SIMPLE, and Qualified Plans) 571 Tax-Sheltered Annuity Plans (403(b) Plans) 575 Pension and Annuity Income 939 General Rule for Pensions and Annuities Forms (and instructions) W-4P Withholding Certificate for Pension or Annuity Payments 1099-R Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. File free federal and state taxes online 5304-SIMPLE Savings Incentive Match Plan for Employees of Small Employers (SIMPLE)–Not for Use With a Designated Financial Institution 5305-S SIMPLE Individual Retirement Trust Account 5305-SA SIMPLE Individual Retirement Custodial Account 5305-SIMPLE Savings Incentive Match Plan for Employees of Small Employers (SIMPLE)–for Use With a Designated Financial Institution 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts 5498 IRA Contribution Information 8606 Nondeductible IRAs 8815 Exclusion of Interest From Series EE and I U. File free federal and state taxes online S. File free federal and state taxes online Savings Bonds Issued After 1989 8839 Qualified Adoption Expenses 8880 Credit for Qualified Retirement Savings Contributions See chapter 5 for information about getting these publications and forms. File free federal and state taxes online Table I-1. File free federal and state taxes online Using This Publication IF you need information on . File free federal and state taxes online . File free federal and state taxes online . File free federal and state taxes online THEN see . File free federal and state taxes online . File free federal and state taxes online . File free federal and state taxes online traditional IRAs chapter 1. File free federal and state taxes online Roth IRAs chapter 2, and parts of  chapter 1. File free federal and state taxes online SIMPLE IRAs chapter 3. File free federal and state taxes online the credit for qualified retirement savings contributions (the saver's credit) chapter 4. File free federal and state taxes online how to keep a record of your contributions to, and distributions from, your traditional IRA(s) appendix A. File free federal and state taxes online SEP IRAs and 401(k) plans Publication 560. File free federal and state taxes online Coverdell education savings accounts (formerly called education IRAs) Publication 970. File free federal and state taxes online IF for 2013, you received social security benefits, had taxable compensation, contributed to a traditional IRA, and you or your spouse was covered by an employer retirement plan, and you want to. File free federal and state taxes online . File free federal and state taxes online . File free federal and state taxes online THEN see . File free federal and state taxes online . File free federal and state taxes online . File free federal and state taxes online first figure your modified adjusted gross income (AGI) appendix B, worksheet 1. File free federal and state taxes online then figure how much of your traditional IRA contribution you can deduct appendix B, worksheet 2. File free federal and state taxes online and finally figure how much of your social security is taxable appendix B, worksheet 3. File free federal and state taxes online Table I-2. File free federal and state taxes online How Are a Traditional IRA and a Roth IRA Different? This table shows the differences between traditional and Roth IRAs. File free federal and state taxes online Answers in the middle column apply to traditional IRAs. File free federal and state taxes online Answers in the right column apply to Roth IRAs. File free federal and state taxes online Question Answer   Traditional IRA? Roth IRA? Is there an age limit on when I can open and contribute to a Yes. File free federal and state taxes online You must not have reached age  70½ by the end of the year. File free federal and state taxes online See Who Can Open a Traditional IRA? in chapter 1. File free federal and state taxes online No. File free federal and state taxes online You can be any age. File free federal and state taxes online See Can You Contribute to a Roth IRA? in chapter 2. File free federal and state taxes online If I earned more than $5,500 in 2013 ($6,500 if I was 50 or older by the end of 2013), is there a limit on how much I can contribute to a Yes. File free federal and state taxes online For 2013, you can contribute to a traditional IRA up to: $5,500, or $6,500 if you were age 50 or older by the end of 2013. File free federal and state taxes online  There is no upper limit on how much you can earn and still contribute. File free federal and state taxes online See How Much Can Be Contributed? in chapter 1. File free federal and state taxes online Yes. File free federal and state taxes online For 2013, you may be able to contribute to a Roth IRA up to: $5,500, or $6,500 if you were age 50 or older by the end of 2013,  but the amount you can contribute may be less than that depending on your income, filing status, and if you contribute to another IRA. File free federal and state taxes online See How Much Can Be Contributed? and Table 2-1 in chapter 2. File free federal and state taxes online Can I deduct contributions to a Yes. File free federal and state taxes online You may be able to deduct your contributions to a traditional IRA depending on your income, filing status, whether you are covered by a retirement plan at work, and whether you receive social security benefits. File free federal and state taxes online See How Much Can You Deduct? in chapter 1. File free federal and state taxes online No. File free federal and state taxes online You can never deduct contributions to a Roth IRA. File free federal and state taxes online See What Is a Roth IRA? in chapter 2. File free federal and state taxes online Do I have to file a form just because I contribute to a Not unless you make nondeductible contributions to your traditional IRA. File free federal and state taxes online In that case, you must file Form 8606. File free federal and state taxes online See Nondeductible Contributions in chapter 1. File free federal and state taxes online No. File free federal and state taxes online You do not have to file a form if you contribute to a Roth IRA. File free federal and state taxes online See Contributions not reported in chapter 2. File free federal and state taxes online Do I have to start taking distributions when I reach a certain age from a Yes. File free federal and state taxes online You must begin receiving required minimum distributions by April 1 of the year following the year you reach age 70½. File free federal and state taxes online See When Must You Withdraw Assets? (Required Minimum Distributions) in chapter 1. File free federal and state taxes online No. File free federal and state taxes online If you are the original owner of a Roth IRA, you do not have to take distributions regardless of your age. File free federal and state taxes online See Are Distributions Taxable? in chapter 2. File free federal and state taxes online However, if you are the beneficiary of a Roth IRA, you may have to take distributions. File free federal and state taxes online See Distributions After Owner's Death in chapter 2. File free federal and state taxes online How are distributions taxed from a Distributions from a traditional IRA are taxed as ordinary income, but if you made nondeductible contributions, not all of the distribution is taxable. File free federal and state taxes online See Are Distributions Taxable? in chapter 1. File free federal and state taxes online Distributions from a Roth IRA are not taxed as long as you meet certain criteria. File free federal and state taxes online See Are Distributions Taxable? in chapter 2. File free federal and state taxes online Do I have to file a form just because I receive distributions from a Not unless you have ever made a nondeductible contribution to a traditional IRA. File free federal and state taxes online If you have, file Form 8606. File free federal and state taxes online See Nondeductible Contributions in chapter 1. File free federal and state taxes online Yes. File free federal and state taxes online File Form 8606 if you received distributions from a Roth IRA (other than a rollover, qualified charitable distribution, one-time distribution to fund an HSA, recharacterization, certain qualified distributions, or a return of certain contributions). File free federal and state taxes online Prev  Up  Next   Home   More Online Publications