Additional Taxes on Qualified Plans - Attach to Form 1040 or Form 1040NR

Sep 19, 2026

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Instructions for completing Form 5329 for 2014 tax issues related to qualified retirement plans, IRAs, Coverdell ESAs, and qualified tuition programs. The document explains attachment requirements for Form 1040 or 1040NR and provides line-by-line guidance for early distribution additional tax, educational account additional tax, and excess contributions for traditional IRAs and Roth IRAs. It also covers key calculations such as subtracting exempt amounts and applying 10% or 6% rates, with cautions for SIMPLE IRA distributions.

LanguageEnglish

CategoryForms

FormatPDF

Pages2

Reading Time1 min

AccessFree to download

Attach requirements and overview

Part I - Additional Tax on Early Distributions

Part II - Additional Tax on Certain Distributions From Education Accounts

Part III - Additional Tax on Excess Contributions to Traditional IRAs

Part IV - Additional Tax on Excess Contributions to Roth IRAs

Form identification and notices

# Additional Taxes on Qualified Plans(Including IRAs)and Other Tax-Favored Accounts ▶Attach to Form 1040 or Form 1040NR. ▶Information about Form 5329 and its separate instructions is at www.irs.gov/form5329. Name of individual subject to additional tax.If maried filing jointly,see instructions.Your social security number | Fillin Your Address Only
If You Are Filing This
Form by Itself and Not
With Your Tax Return | Home address(number and street),or P.O.box if mail is not delivered to your home | | | Apt.no. | | --- | --- | --- | --- | --- | | | | | | | | | City,town or post office,state,and ZIP code.If you have a foreign address,also complete
the spaces below (see instructions). | | If this is an amended
return,check here▶ | | | | | | | | | | Foreign country name | Foreign province/state/county | Foreign postal code | | If you only owe the additional 10%tax on early distributions,you may be able to report this tax directly on Form 1040,line 59,orForm 1040NR,line 57,without filing Form 5329.See the instructions for Form 1040,line 59,or for Form 1040NR,line 57. ## PartI Additional Tax on Early Distributions Complete this part if you took a taxable distribution before you reached age 59V2 from a qualified retirement plan(including anIRA)or modified endowment contract (unless you are reporting this tax directly on Form 1040 or Fom 1040NR-see above).Youmay also have to complete this part to indicate that you qualify for an exception to the additional tax on early distributions or for certain Roth IRA distributions(see instructions). | 1 Early distributions included in income.For Roth IRA distributions,see instructions....
2 Early distributions included on line 1 that are not subject to the additional tax (see instructions).
Enter the appropriate exception number from the instructions:_
3 Amount subject to additional tax.Subtract line 2 from line 1 .......
4 Additional tax.Enter 10%(.10)of line 3.Include this amount on Form 1040,line 59,or Form 1040NR,line 57
Caution:If any part of the amount on line 3 was a distribution from a SIMPLE IRA,you may have
to include 25%of that amount on line 4 instead of 10%(see instructions). | 1 | | | | --- | --- | --- | --- | | | 2 | | | | | 3 | | | | | 4 | | | | | | | | ## Part II Additional Tax on Certain Distributions From Education Accounts Complete this part if you included an amount in income,on Form 1040 or Form 1040NR,line 21,from a Coverdell education savings account (ESA)or a qualified tuition program(QTP). | 5 Distributions included in income from Coverdell ESAs and QTPs.
6 Distributions included on line 5 that are not subject to the additional tax (see instructions)
7 Amount subject to additional tax.Subtract line 6 from line 5 .
8 Additional tax.Enter 10%(.10)of line 7.Include this amount on Form 1040,line 59,or Form 1040NR,line 57 | 5 | | | | --- | --- | --- | --- | | | 6 | | | | | 7 | | | | | 8 | | | ## Part I Additional Tax on Excess Contributions to Traditional IRAs Complete this part if you contributed more to your traditional IRAs for 2014 than is allowable or you had an amount on line 17 of your 2013 Form 5329. | 9 Enter your excess contributions from line 16 of your 2013 Form 5329(see instruc
10 If your traditional IRA contributions for 2014 are less than your
maximum allowable contribution,see instructions.Otherwise,enter-0-
11 2014 traditional IRA distributions included in income(see instructions).
12 2014 distributions of prior year excess contributions(see instructions).
13 Add lines 10,11,and 12 . .. .. .. .. ..
14 Prior year excess contributions.Subtract line 13 from line 9.If zero or less
15 Excess contributions for 2014(see instructions)......
16 Total excess contributions.Add lines 14 and 15 .. ..
17 Additional tax.Enter 6%(.06)of th

FAQs

What form should Form 5329 be attached to?

Attach Form 5329 to Form 1040 or Form 1040NR.

When must Part I (additional tax on early distributions) be completed?

Complete Part I if you took a taxable distribution before reaching age 59½ from a qualified retirement plan (including an IRA) or a modified endowment contract, unless reporting the tax directly on Form 1040 or Form 1040NR.

How is the additional tax in Part I generally calculated?

Compute the amount subject to additional tax by subtracting the non-subject amount from line 1, then apply 10% of that amount for line 4. A caution applies if any portion was from a SIMPLE IRA, which may require 25% instead.

Sep 19, 2026

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