Regulatory and Legislative

IRS Posts 2025 Form 8606

The IRS has released 2025 Form 8606, Nondeductible IRAs. This form is filed by taxpayers who have made nondeductible traditional IRA contributions for 2025, and by taxpayers who have made nondeductible traditional IRA contributions in previous years and have taken distributions from a traditional, SEP, or SIMPLE IRA in 2025 or converted part of their traditional, SEP, or SIMPLE IRAs to Roth IRAs in 2025.