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Forms and Instructions

Individual Tax Return
Instructions for Form 1040
Request for Taxpayer Identification Number (TIN) and Certification
Request for Transcript of Tax Return

 

Employee's Withholding Allowance Certificate
Employer's Quarterly Federal Tax Return
Employers engaged in a trade or business who pay compensation
Installment Agreement Request

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Amend/Fix Return
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Rules Governing Practice before IRS

Roth Comparison Chart

 

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).