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Get ready for tax season

Answers to your top tax questions

When are taxes due?

The IRS deadline for filing 2020 taxes and making 2020 IRA contributions has been extended to May 17, 2021.

Due to harsh winter storms, residents of Texas, Oklahoma, and Louisiana have until June 15, 2021 to file 2020 taxes and make 2020 IRA contributions.

How does legislation like CARES affect my RMDs?

Last year, the RMD age increased from 70½ to 72 as a result of the Setting Every Community Up for Security Enhancement (SECURE) Act, and then RMDs themselves were waived by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The temporary waiver applied to:

  • 2020 RMDs from traditional and inherited IRAs, as well as employer-sponsored plans.
  • 2019 RMDs due by April 1, 2020, for individuals who turned 70½ in 2019 and didn't take their RMDs before January 1, 2020.

There's no longer a waiver for 2021. As a result, anyone age 72 or older as of December 31, 2021, must take their RMD by year-end to avoid the 50% penalty―unless it's their first RMD, in which case they have until April 1, 2022.

Which tax forms will I get?

In general, 1099 forms report income other than wages. Depending on the types of accounts you have, your transactions, and your investment income, you may receive several different tax forms. Most forms are required to be provided only for amounts of $10 or more or if taxes were previously withheld. You must report any investment income or distributions (reported on your year-end account statement) to the IRS.

When will I receive my forms?

Many forms are available online now or have been mailed. Others will be posted online or mailed this month. You can see the complete list of tax forms we provide, the dates they're available, and also download your forms.

How to get your forms

Avoid delays

Get notified by email the moment your forms are ready for download.

Check the schedule

Receive some tax forms as early as mid-January.

Know where to get them

See your forms here once they've been posted online for you.

Where to find other useful tax information