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for you and your spouse is less than

See the instructions for

line

10, earlier,

Year(s)

Contribution

$11,000 ($12,000 if one spouse is 50 or

to figure your contribution limit for

limit

limit if age

older at the end of 2017; $13,000 if both

traditional IRAs. Any amount you

50 or older at

spouses are 50 or older at the end of

contribute for the year in which you

the end of

2017), see How Much Can Be

reach age 70

or for a later year is an

1 2

the year

Contributed? in Pub. 590-A for special

excess contribution because your

2013

$5,500

$6,500

rules.

contribution limit is zero. Don’t include

through

rollovers in figuring your excess

Also include on line 11a or 11b

2016

contributions.

(line 11 for Form 1040NR) of the IRA

2008

$5,000

$6,000

Deduction Worksheet—Line 32 in the

You can withdraw some or all of your

through

instructions for Form 1040 or Form

excess contributions for 2017 and they

2012

1040NR, the smaller of:

will be treated as not having been

2006 or

$4,000

$5,000

Form 5329, line 10; or

contributed if:

2007

The excess, if any, of Form 5329,

You make the withdrawal by the due

line 9, over the sum of Form 5329, lines

2005

$4,000

$4,500

date, including extensions, of your 2017

11 and 12 (which you will complete

tax return;

2002

$3,000

$3,500

next).

through

You don’t claim a traditional IRA

2004

deduction for the withdrawn

Line 11

contributions; and

1997

$2,000

—

Enter on line 11 any withdrawals from

You withdraw any earnings on the

through

your traditional IRAs that are included in

withdrawn contributions and include the

2001

your income. Don’t include any

earnings in gross income (see the

withdrawn contributions reported on

before 1997

$2,250

—

Instructions for Form 8606 for details).

line 12.

Also, if you hadn’t reached age 59

1 2

Line 12

the time of the withdrawal, include the

If the excess contribution to your

earnings as an early distribution on

Enter on line 12 any amounts included

traditional IRA for the year included a

line 1 of Form 5329 for the year in which

on line 9 that are excess contributions to

rollover and the excess occurred

you report the earnings.

your traditional IRAs for 1976 through

because the information the plan was

2015 that you had returned to you in

required to give you was incorrect,

If you timely filed your return without

2017 and any 2016 excess

increase the contribution limit amount

withdrawing the excess contributions,

contributions that you had returned to

for the year shown in the table above by

you can still make the withdrawal no

you in 2017 after the due date (including

the amount of the excess that is due to

later than 6 months after the due date of

extensions) of your 2016 income tax

the incorrect information.

your tax return, excluding extensions. If

return if:

If the total contributions for the year

you do, file an amended return with

You didn’t claim a deduction for the

included employer contributions to a

“Filed pursuant to section 301.9100-2”

excess contributions,

SEP, increase the contribution limit

written at the top. Report any related

No traditional IRA deduction was

amount for the year shown in the table

earnings for 2017 on the amended

allowable (without regard to the

above by the smaller of the amount of

return and include an explanation of the

modified AGI limitation) for the excess

the employer contributions or:

withdrawal. Make any other necessary

contributions, and

changes on the amended return (for

The total contributions to your

2015 or 2016

$53,000

example, if you reported the

traditional IRAs for the tax year for

2014

$52,000

contributions as excess contributions on

which the excess contributions were

your original return, include an amended

2013

$51,000

made weren’t more than the amounts

Form 5329 reflecting that the withdrawn

shown in the following table.

2012

$50,000

contributions are no longer treated as

2009, 2010, or 2011

$49,000

having been contributed).

2008

$46,000

Part IV—Additional Tax on

2007

$45,000

Excess Contributions to

2006

$44,000

Roth IRAs

2005

$42,000

If you contributed more to your Roth IRA

2004

$41,000

for 2017 than is allowable or you had an

amount on line 25 of your 2016 Form

2002 or 2003

$40,000

5329, you may owe this tax. But you

2001

$35,000

may be able to avoid the tax on any

2017 excess contributions (see the

before 2001

$30,000

instructions for

line

23, later).

Line 15

Line 18

Enter the excess of your contributions to

Enter the amount from line 24 of your

traditional IRAs for 2017 (unless

2016 Form 5329 only if the amount on

withdrawn—discussed next) over your

line 25 of your 2016 Form 5329 is more

contribution limit for traditional IRAs.

than zero.

Instructions for Form 5329 (2017)

-5-

Instructions For Form 5329 - Additional Taxes On Qualified Plans (Including Iras) And Other Tax-Favored Accounts - 2017 Page 5

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