Instructions for Form 5329 - Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts

Sep 19, 2026

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Instructions for IRS Form 5329 explain when taxpayers must report additional taxes related to qualified retirement plans, IRAs, and other tax-favored accounts. The guidance covers key concepts such as the purpose of Form 5329, what events trigger filing, and how certain early-distribution rules and exceptions apply. It also details reporting responsibilities for distributions, excess contributions, minimum required distributions, and related amounts using references to associated forms and schedules.

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Instructions for Form 5329

Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts

General Instructions

Purpose of Form

Who Must File

What’s New

Note: The draft you are looking for begins on the next page. Caution: DRAFT—NOT FOR FILING This is an early release draft of an IRS tax form, instructions, or publication, which the IRS is providing for your information. Do not file draft forms. We incorporate all significant changes to forms posted with this coversheet. However, unexpected issues occasionally arise, or legislation is passed—in this case, we will post anew draft of the form to alert users that changes were made to the previously posted draft. Thus, there are never any changes to the last posted draft of the form and the final revision of the form. Forms and instructions are subject to OMB approval before they can be officially released, so we post drafts of them until they are approved. Drafts of instructions and publications usually have some additional changes before their final release. Early release drafts are posted at [IRS.gov/DraftForms](IRS.gov/DraftForms) and remain there after the final release is posted at [IRS.gov/LatestForms](IRS.gov/LatestForms. Also)[. Also](IRS.gov/LatestForms. Also) see [IRS.gov/Forms](IRS.gov/Forms). Most forms [and publications have a page on IRS.gov:](and publications have a page on IRS.gov:) [IRS.gov/Form1040](IRS.gov/Form1040) for Form 1040; [IRS.gov/Pub501](IRS.gov/Pub501) for Pub. 501; [IRS.gov/W4](IRS.gov/W4 for Form W-4)[ for Form W-4](IRS.gov/W4 for Form W-4); [and](and IRS.gov/ScheduleA for Schedule A)[ IRS.gov/ScheduleA](and IRS.gov/ScheduleA for Schedule A)[ for Schedule A](and IRS.gov/ScheduleA for Schedule A)[ ](and IRS.gov/ScheduleA for Schedule A)(Form 1040), for example, and similarly for other forms, publications, and schedules for Form 1040. When typing in a link, type it into the address bar of your browser, [not a Search box on IRS.gov](not a Search box on IRS.gov). If you wish, you can submit comments to the IRS about draft or final forms, instructions, or publications at [IRS.gov/FormsComments](IRS.gov/FormsComments. Include)[. Include](IRS.gov/FormsComments. Include) "NTF" followed by the form or publication number (for example, "NTF1040", "NTFW4", "NTF501", etc.) in the body of the message to route yourmessage properly. We cannot respond to all comments due to the high volume we receive and may not be able to consider many suggestions until the subsequent revision of the product, but we will review each "NTF" message. If you have comments on reducing paperwork and respondent (filer) burden, with respect to draft or final forms, please respond to the relevant information collection through the Federal Register process; for more information, click here. DRAFT TREASURY/IRS AND OMB USE ONLY DRAFT Instructions for Form 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts Section references are to the Internal Revenue Code unless otherwise noted. General Instructions Future Developments For the latest information about developments related to Form 5329 and its instructions, such as legislation enacted after they were published, [go to](go to IRS.gov/Form5329)[ ](go to IRS.gov/Form5329)[IRS.gov/Form5329](go to IRS.gov/Form5329) . What’s New Distributions for qualified long-term care insurance. Beginning with distributions made after December 29, 2025, a distribution from your employer’s defined contribution plan for or with respect to certified long-term care insurance is not subject to the 10% additional tax on early distributions if certain requirements are met. See Pub. 590-B for more information. Purpose of Form Use Form 5329 to report additional taxes on: • IRAs, • Other qualified retirement plans, • Modified endowment contracts, • Coverdell ESAs, • QTPs, • Archer MSAs, • HSAs, • ABLE accounts, and • Trump accounts. Who Must File You must file Form 5329 if any of the following apply. • You received a distribution from a Roth IRA and either the amount on line 25c of Form 8606, Nondeductible IRAs, is more than

FAQs

What is the purpose of Form 5329?

Form 5329 is used to report additional taxes on IRAs, other qualified retirement plans, and several other tax-favored accounts, including modified endowment contracts, Coverdell ESAs, QTPs, Archer MSAs, HSAs, ABLE accounts, and other specified accounts.

Who must file Form 5329?

You must file Form 5329 if you received certain taxable distributions or earnings that are subject to additional tax, or if you have excess contributions, missed minimum required distributions, or other qualifying triggers described in the instructions.

How does the document handle exceptions for early distributions?

The instructions describe that filing is required when you must report an exception that affects whether the 10% additional tax applies. They also note situations where reporting may be handled on other forms or lines depending on how distribution codes are shown.

Sep 19, 2026

Upload by Oliver