Jun 11, 2025 · Saving for retirement can also lower a taxpayer's AGI. Certain contributions to a retirement plan at work and to a traditional IRA may also reduce taxable income.

Aug 26, 2025 · Details about Roth IRAs are contained in Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs) and Publication 590-B, Distributions from …

Jul 30, 2025 · A traditional IRA is a tax-advantaged personal savings plan where contributions may be tax deductible. A Roth IRA is a tax-advantaged personal savings plan where …

Pay your taxes. Get your refund status. Find IRS forms and answers to tax questions. We help you understand and meet your federal tax responsibilities.

Dec 31, 2023 · Individuals must pay an additional 10% early withdrawal tax unless an exception applies. Use Form 5329 to report distributions subject to the 10% additional tax on early …

It is never too early to begin planning for retirement. Individual retirement accounts provide tax incentives for people to make investments that can provide financial security when they retire.

Find out about required minimum distributions on your retirement plan under Internal Revenue Code sections 401 (a) (9), 408 (a) (6) and 408 (b) (3) and how much and when to withdraw.

Tax information for seniors and retirees, including typical sources of income in retirement and special tax rules.

Aug 26, 2025 · Retirement saving tips for individuals These articles contain basic information about planning for retirement and understanding your employer’s retirement plan.

Aug 26, 2025 · Information about hardship distributions, early withdrawals and loans from retirement plans.