Information For...

Individuals
For you and your family
International Taxpayers
Individuals abroad and more
Business & Self Employed
EINs and other information
Government Entities
Normal

Filing For Individuals

How to File
When to File
Where to File
Update My Information
Normal

Pay By

Bank Account (Direct Pay)
Debit or Credit Card
Payment Plan (Installment Agreement)
Electronic Federal Tax Payment System (EFTPS)
Normal
Close-up of money
Where's My Refund?

 

What to Expect
Direct Deposit
Reduced Refunds
Fix/Correct a Return
Normal

Information For...

Individuals
For you and your family
Business & Self Employed
Standard mileage and other information
Normal

Forms and Instructions

Form 1040
Individual Tax Return
Form 1040 Instructions
Instructions for Form 1040
Form W-9
Request for Taxpayer Identification Number (TIN) and Certification
Form 4506-T
Request for Transcript of Tax Return
Normal

 

Form W-4
Employee's Withholding Allowance Certificate
Form 941
Employer's Quarterly Federal Tax Return
Form W-2
Employers engaged in a trade or business who pay compensation
Form 9465
Installment Agreement Request
Normal

Popular For Tax Pros

Form 1040-X
Amend/Fix Return
Form 2848
Apply for Power of Attorney
Form W-7
Apply for an ITIN
Circular 230
Rules Governing Practice before IRS
Normal

Roth Comparison Chart

More In Retirement Plans

 

Roth 401(k), Roth IRA, and Pre-tax 401(k) Retirement Accounts

  

 

 Designated Roth 401(k) 

 Roth IRA

 Pre-Tax 401(k) 

 Contributions

 Designated Roth employee elective contributions are made with after-tax dollars. Roth IRA contributions are made with after-tax dollars. Traditional, pre-tax employee elective contributions are made with before-tax dollars.

 Income Limits

 No income limitation to participate.

Income limits: 

  • 2015- modified AGI married $193,000/single $131,000
  • 2016- modified AGI married $194,000/single $132,000
  • 2017 - modified AGI married $196,000/single $133,000
  • 2018 - modified AGI married $199,000/single $135,000
 No income limitation to participate.
 

 Maximum Elective Contribution

 Aggregate* employee elective contributions limited to $18,500 in 2018; $18,000 in 2015, 2016, and 2017 (plus an additional $6,000 for employees age 50 or over). Contribution limited to $5,500 plus an additional $1,000 for employees age 50 or over (in 2015, 2016, 2017, and 2018).  Same aggregate* limit as Designated Roth 401(k) Account
 

 Taxation of Withdrawals

Withdrawals of contributions and earnings are not taxed provided it’s a qualified distribution – the account is held for at least 5 years and made:

  • On account of disability,
  • On or after death, or
  • On or after attainment of age 59½.
 Same as Designated Roth 401(k) Account and can have a qualified distribution for a first time home purchase. Withdrawals of contributions and earnings are subject to Federal and most State income taxes.
 

 Required Distributions

 Distributions must begin no later than age 70½, unless still working and not a 5% owner. No requirement to start taking distributions while owner is alive. Same as Designated Roth 401(k) Account.

* This limitation is by individual, rather than by plan. You can split your annual elective deferrals between designated Roth contributions and traditional pre-tax contributions, but your combined contributions  cannot exceed the deferral limit - $18,500 in 2018; $18,000 in 2015, 2016, and 2017 ($24,500 in 2018; $24,000 in 2015, 2016, and 2017 if you're eligible for catch-up contributions).
 
Page Last Reviewed or Updated: 03-Jul-2018