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Tax Preparation

Use our resources, fund distribution information, tax forms and frequently asked questions below to help you understand how tax rules and concepts affect your investments.

Additionally, our Support Center provides assistance for importing your information to Quicken, H&R Block® At Home™, TurboTax® and TurboTax for the Web and other financial software.

Automated import of tax data is not available for American Century Investments' workplace retirement plan accounts through H&R Block® At Home™.


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Clients in certain IRAs and retirement accounts are required to withdrawal a minimum amount each year. The SECURE Act, effective January 1, 2023, changed the age at which RMDs begin.

  • Beginning January 1, 2023, the starting age for RMDs will increase from 72 to 73.

  • If you turned 72 in 2022 or earlier, you'll need to continue taking your RMDs.

Roth IRAs are not subject to this requirement. The rule also applies to Rollover, SEP, SIMPLE and SARSEP IRAs, but not to Roth IRAs. You do not have to take a distribution from a Roth at any age. Learn more.

IRA contribution summary information can be found online on your annual statement. Simply take the following steps:

  1. Log In with your User Name and Password

  2. Select Statements and Tax Documents

  3. Select the View Annual link for December 31

Refer to Traditional IRA and Roth IRA Account Details for more information.

Refer to SIMPLE IRA Contribution Limits for more information.

For Tax Year 2023:

  • Employee's Salary Deferral Limit: $22,500

  • Contribution Limit for Investors Age 50 or Over (includes Catch-Up): $30,000

The Pension Protection Act of 2006 makes permanent higher contribution limits for IRAs and employer-sponsored retirement plans. The limits have been in effect since 2001.

If you are at least 50 years old before the end of the year, you are allowed to make additional "Catch-Up" contributions as you approach retirement.

Please refer to IRS Publication 560 and 590 for more information about IRA contribution deadlines and limits.

Traditional and Roth IRA contributions
2023 contributions can be made until April 15, 2024 for most taxpayers. Contributions made after January 1, 2024, are credited for 2023 only if you request it.

SEP, SARSEP and SIMPLE IRA contributions
2023 employer contributions can be made until the employer's 2023 tax-filing deadline (including any extensions). Contributions received after January 1, 2024, will appear on your Form 5498 for 2024, which will be sent in 2025.

You have some options available if you have contributed more than the maximum allowed for the tax year. These include applying the amount to the following tax year (if applicable) or removing the excess amount.

If you've contributed to a Roth beyond the eligibility requirements for your income, you may also be able to recharacterize your contributions. We recommend that you work with your tax advisor to determine which option is best for you because they can involve tax penalties. For more specific details, please see information about Excess Contributions in the Disclosure Statement and Custodial Agreement booklet, or visit www.irs.gov.

IRS Circular 230 Disclosure: American Century Companies, Inc. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with American Century Companies, Inc. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.

This information is for educational purposes only and is not intended as tax advice. Please consult your tax advisor for more detailed information or for advice regarding your individual situation.

This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.

Brokerage Services are provided by American Century Brokerage, a division of American Century Investment Services, Inc., registered broker/dealer, member FINRA, SIPC.