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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 8606
for the current year.
IRS Form 8606 Nondeductible Iras
What Is IRS Form 8606?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. Check the official IRS-issued instructions before completing and submitting the form.
FAQ
Q: What is IRS Form 8606?
A: IRS Form 8606 is a tax form used to report non-deductible contributions to Individual Retirement Accounts (IRAs).
Q: What are non-deductible IRAs?
A: Non-deductible IRAs are individual retirement accounts in which contributions are made with after-tax money and do not qualify for a tax deduction.
Q: Why would someone contribute to a non-deductible IRA?
A: Contributing to a non-deductible IRA can still provide tax advantages, as earnings on the account can grow tax-free until retirement.
Q: Is there an income limit for contributing to a non-deductible IRA?
A: No, there is no income limit for contributing to a non-deductible IRA.
Q: When should Form 8606 be filed?
A: Form 8606 should be filed with your annual tax return, typically due on April 15th each year.
Q: Is there a penalty for not filing Form 8606?
A: Failure to file Form 8606 when required can result in penalties and interest on any tax owed.
Form Details:
- A 2-page form available for download in PDF;
- This form cannot be used to file taxes for the current year. Choose a more recent version to file for the current tax year;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 8606 through the link below or browse more documents in our library of IRS Forms.
Download IRS Form 8606 Nondeductible Iras
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