Retirement Accounts: January 31, 2026 (estimated) - 1099-R forms available

• If you did QCDs in 2025, those distributions will be reported as a “taxable distribution” on your 1099-R. QCDs should not be taxable and you should work with your tax professional to ensure QCDs are recorded correctly on your tax return.

• If you completed a "Back-Door Roth" in 2025, the conversion will be reported as a taxable distribution on your 1099-R. This conversion should not be taxable and once again you should work with your tax professional to ensure correct reporting on your tax return.

• 1099-R forms will not be mailed and income not reported for 2025 income of less than $10.

• How to access your forms via Investor360°:

  • Clients can view tax forms for the current year in Investor360° by going to Statements & Confirms > Tax Documents > Most Recent Statement.

• Sign up for email notifications when tax forms are available.

Retirement Accounts: 5498

• Starting with tax year 2024, NFS began sending 5498s in May. This process will remain in place for tax year 2025, meaning 5498s will be mailed in May 2026 if applicable.

• Reminder: 5498s are informational only, and they are not required to complete or file your tax return.

Non-Retirement Accounts: January 31-February 22, 2026 (estimated) - 1099 forms available

• Consistent with previous years, 1099s for non‑retirement accounts will be distributed in three to four batches. Each batch is released once Commonwealth/NFS obtains the necessary data from the various investments within the accounts.

• 1099 forms will not be mailed and income not reported for 2025 income of less than $10.

• How to access your forms via Investor360°:

  • Clients can view tax forms for the current year in Investor360° by going to Statements & Confirms > Tax Documents > Most Recent Statement.

• Sign up for email notifications when tax forms are available.

April 15, 2026 Deadlines

• 2025 tax return filing deadline

• IRA (Traditional and Roth) and HSA contribution deadline for tax year 2025

IRA & Roth IRA Contribution Limits: The contribution limits are $7,500 ($8,600 for ages 50+), an increase of $500 to the normal contribution and a $100 increase to the catch-up from 2025. Note: Roth and Traditional IRA contribution eligibility is determined by Modified Adjusted Gross Income (MAGI).  Contact our office with questions.

401(k), 403(b), governmental 457 plans, and the federal government’s Thrift Savings Plan Contribution Limits: For 2026, for those under 50, the limit is $24,500. For those over 50, an additional $8,000 for a total of $32,500. For those clients turning 60-63, the catch-up is $11,250 (instead of $8,000).

Note: beginning in 2026, some employers may require the “catch-up” contribution to go into a Roth if your income is above a certain threshold. Beginning in 2027, the IRS will require this for all employers.