2025›Instructions for Form 8606›! also be limited by your modified AGI (see
Penalty for Not Filing
Instruction 8606 — Instructions for Form 8606, Nondeductible IRAs · 2026-10-03 edition · updated 2026-10-04 · United States
If you are required to file Form 8606 to report a nondeductible contribution to a traditional IRA for 2025 but don’t do so, you must pay a $50 penalty, unless you can show reasonable cause.
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