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Department of the Treasury Internal Revenue Service Publication 590-A Cat. No. 66302J Contributions to Individual Retirement Arrangements (IRAs) For use in preparing 2018 Returns Get forms and other information faster and easier at: • IRS.gov (English) • IRS.gov/Spanish (Español) • IRS.gov/Chinese (中文) • IRS.gov/Korean (한국어) • IRS.gov/Russian (Pусский) • IRS.gov/Vietnamese (TiếngViệt) Contents What's New for 2018 . . . . . . . . . . . . . . . . . . . . . . . . 1 What’s New for 2019 . . . . . . . . . . . . . . . . . . . . . . . 2 Reminders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Chapter 1. Traditional IRAs . . . . . . . . . . . . . . . . . . 5 Who Can Open a Traditional IRA? . . . . . . . . . . . . 5 When Can a Traditional IRA Be Opened? . . . . . . . 6 How Can a Traditional IRA Be Opened? . . . . . . . . 6 How Much Can Be Contributed? . . . . . . . . . . . . . 8 When Can Contributions Be Made? . . . . . . . . . . . 9 How Much Can You Deduct? . . . . . . . . . . . . . . . 10 What if You Inherit an IRA? . . . . . . . . . . . . . . . . 20 Can You Move Retirement Plan Assets? . . . . . . 20 When Can You Withdraw or Use Assets? . . . . . . 31 What Acts Result in Penalties or Additional Taxes? . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 Chapter 2. Roth IRAs . . . . . . . . . . . . . . . . . . . . . 38 What Is a Roth IRA? . . . . . . . . . . . . . . . . . . . . . 39 When Can a Roth IRA Be Opened? . . . . . . . . . . 39 Can You Contribute to a Roth IRA? . . . . . . . . . . 39 Can You Move Amounts Into a Roth IRA? . . . . . . 44 Chapter 3. Retirement Savings Contributions Credit (Saver's Credit) . . . . . . . . . . . . . . . . . . 46 Chapter 4. How To Get Tax Help . . . . . . . . . . . . . 48 Appendices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59 What's New for 2018 Extended rollover period for qualified plan loan off- sets in 2018 or later. For distributions made in tax years beginning after December 31, 2017, you have until the due date (including extensions) for your tax return for the tax year in which the offset occurs to roll over a qualified plan loan offset amount. For more information, see Time Limit for Making a Rollover Contribution in chapter 1. No recharacterizations of conversions made in 2018 or later. A conversion of a traditional IRA to a Roth IRA, and a rollover from any other eligible retirement plan to a Roth IRA, made after December 31, 2017, cannot be re- characterized as having been made to a traditional IRA. For more information, see Recharacterizations in chap- ter 1. Modified AGI limit for traditional IRA contributions. For 2018, if you are covered by a retirement plan at work, your deduction for contributions to a traditional IRA is re- duced (phased out) if your modified AGI is: • More than $101,000 but less than $121,000 for a mar- ried couple filing a joint return or a qualifying widow(er), Dec 21, 2018