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Tax Resource Center

The Thrivent Financial Tax Resource Center is a guide to help you navigate the tax season. Please consult with your tax advisor about your specific tax situation.

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Tax resources at your fingertips:

  • Estimated Tax Form Mailing Dates
  • Reasons for Receiving a Tax Form
  • Tax Guides & Other Information
  • IRS Retirement Plan Limits
  • Dividend and Capital Gains & Cost Basis Reporting
  • Tax FAQs

Most tax forms for the year prior will be added online starting Feb. 1. Brokerage tax forms will be available by mid- to late February. See estimated mailing dates for additional information.

View tax forms

  • Estimated Tax Form Mailing Dates

    View the key dates you'll want to know when preparing your 2015 taxes.

    January 31

    All tax forms (1099s and 5498s) will be mailed by Jan. 31 unless otherwise noted below.

    • Brokerage tax forms
    • Tax forms for mutual funds invested in real estate investment trusts (REITs).

    Mid- to late February

    Thrivent Mutual Funds

    Form 1099-DIV and Form 1099-B for the Thrivent Diversified Income Plus and Thrivent Growth and Income Plus Funds will be mailed in late February. Each year, an extension is requested from the IRS for mailing these forms to the shareholder due to the Funds' investments in real estate investment trusts (REITs) and the need for additional information to classify REIT distributions received by the Funds. For more information, see the mutual funds tax guide (available in January 2016).

    Late January to mid- March

    Thrivent Investment Management Brokerage

    As mandated under the Emergency Economic Stabilization Act of 2008, the IRS changed the deadline for mailing tax forms to Feb. 15. National Financial Services (NFS) will mail most 2015 tax forms in late January through mid-February 2016. In an effort to reduce the number of corrected tax forms a member may receive, NFS requests an extension from the IRS that allows for mailing 1099 tax statements by March 15, 2016 for accounts holding certain mutual funds or certain complex securities, including unit investment trusts and real estate investment trusts.

    Most 1099 tax forms for Tax Year 2015 will also be available online between Jan. 24 and Feb. 13.

    April 15

    April 15 is the date Federal tax returns are due to the IRS. In observance of Emancipation Day, the IRS National Office in the District of Columbia will be closed Friday, April 15, 2016. Because of this, the deadline to file your 2015 tax return will be Monday, April 18, 2016. Residents of Massachusetts and Maine have until Tuesday, April 19, 2016, because of Patriots’ Day on the 18th.

    Taxpayers requesting an extension will have until Oct. 15, 2016, to file a 2015 federal tax return.

    April 30

    Mail date deadline for Form 5498-ESA.

    May 31

    Mail date deadline for Form 5498.

  • Reasons for Receiving a Tax Form

    Learn some of the reasons you may receive Form 1099 or 5498.

    • 1099-R

      Mutual Funds, Annuities, Settlement Options, Brokerage, Life Insurance & Long-Term Care Insurance

      • Distributions and any related tax wihtholding from a tax-deferred retirement account.
      • Taxable income due to distributions or maturity on an annuity contract.
      • Dividend release.
      • Death claim payout.
      • Reportable transactions or taxable income from a partial or complete surrender.
      • Lapse in contract.
      • Loan on a modified endowment contract (MEC).
      • Cost of Living Benefit Rider.
      • MEC contract collaterally assigned.
      • Ownership changes.
      • Collateral assignments.
      • Charges for premiums paid on combination contracts.
      • Surplus release.
      • Flexible Payout Agreement release.
      • PS58 cost of insurance and PS58 cost basis information.
    • 1099-INT

      Annuities, Settlement Options, Life Insurance & Brokerage

      • Interest accrued on discounted premium agreements.
      • Interest on premium refund to remove or reverse a modified endowment contract (MEC) status.
      • Interest on contracts with dividends under the accumulate with interest or surplus refunds on deposit (SROD) options.
      • Interest earnings on premiums paid in advance.
      • Interest paid to member due to a miscellaneous correction or adjustment.
      • Ownership changes.
      • Collateral assignments.
      • Backup withholding.
      • Reports the calendar year earnings on Flexible Payout Deposit Agreements or settlement agreements.
      • Death claim interest – Reports earnings from the date of death to the date of claim.
    • 1099-DIV

      Mutual Funds & Brokerage

      • Dividends and capital gain distributions paid by corporations and mutual funds to a taxable account.
      • Shareholders who earned tax-exempt dividends in the Thrivent Municipal Bond Fund.
      • Backup withholding.
      • Return of capital distribution in a mutual fund.
    • 1099-B

      Mutual Funds & Brokerage

      • Sales of shares with fluctuating share prices.
      • Backup withholding.
    • 1099-LTC

      Long-Term Care & Life Insurance

      • Total claim disbursement issued to claimant.
    • 1099-Q

      Mutual Funds

      • Distribution taken from a Coverdell Education Savings Account (CESA).
      • Distributions taken to remove an excess CESA contribution.
      • Transfers from a CESA to another CESA or 529 plan.
      • Distributions to a beneficiary due to the student's death.
    • 5498

      IRAs: Mutual Funds, Annuities, Settlement Options & Brokerage

      • Contributions to traditional and Roth IRAs Rollovers made to IRAs
      • Conversions from a traditional IRA, SEP IRA or SIMPLE IRA to a Roth IRA or qualified rollover contribution from an eligible retirement plan (other than IRA) to a Roth IRA.
      • SEP and SIMPLE IRA contributions made through the employer during the calendar year.
      • Indicates whether the IRA is subject to required minimum distributions (RMDs) in the following year.
      • Fair market value of IRAs as of Dec. 31.
      • Recharacterizations (changing or undoing a traditional IRA contribution from a Roth IRA contribution or vice versa).
      • Special postponed contributions (Allied Force, Enduring Freedom, Iraqi Freedom and taxpayers affected by federally designated disaster areas).
      • Repayment of a qualified reservist distribution or a designated disaster distribution repayment.
      • NOTE: IRA contributions made between Jan. 1 and April 15 of the current year as a contribution for the previous tax year will generate a corrected 5498 tax form in the current year that will be mailed by May 31.
    • 5498-ESA

      Mutual Funds

      • Contributions made to a Coverdell Education Savings Account.
      • Rollovers made to a Coverdell Education Savings Account.
  • Tax Guides & Other Information

    View commonly used guides and forms that you may find useful as you prepare your taxes.

    Will be available mid-January 2016.

    For additional forms and instructions, go to http://www.irs.gov/Forms-&-Pubs (Link opens in new window).

  • IRS Retirement Plan Limits

    View the current and previous year's IRS retirement plan and catch-up contribution limits, as well as other important tax changes.

    • Traditional & Roth IRAs
      Traditional and Roth IRAs 2016 2015
      Traditional and Roth IRA annual contributions $5,500 $5,500
      Traditional and Roth IRA catch-up contributions for age 50 and older. $1,000 $1,000
      Traditional IRA deduction (phaseout) limits1 – single or head of household and active participant in employer plan. More than $61,000 but less than $71,000 More than $61,000 but less than $71,000
      Traditional IRA deduction (phaseout) limits1 – married filing jointly and contributor is active plan participant, and spouse is or is not. More than $98,000 but less than $118,000 More than $98,000 but less than $118,000
      Traditional IRA deduction (phaseout) limits1 – married filing jointly and contributor is not active plan participant but spouse is. More than $184,000 but less than $194,000 More than $183,000 but less than $193,000
      Traditional IRA deduction (phaseout) limits1 – married filing separately. $0 - $10,000 $0 - $10,000
      Roth IRA contribution income limits1 – single or head of household. At least $117,000 but less than $132,000 At least $116,000 but less than $131,000
      Roth IRA contribution income limits1 – married filing jointly. At least $184,000 but less than $194,000 At least $183,000 but less than $193,000
      Roth IRA contribution income limits1 – married filing separately and active plan participant. $0 - $10,000 $0 - $10,000
    • Employer-Sponsored Retirement Plans
      Employer-Sponsored Retirement Plans 2016 2015
      Elective salary deferrals [§402(g) and §457(e)].
      Applies to 401(k), 403(b), SARSEP and 457(b) plans.      		 $18,000 $18,00
      Catch-up contributions for age 50 and older.
      Applies to 401(k), 403(b), SARSEP and 457(b) plans.      		 $6,000 $6,000

      Defined contribution plan annual addition limit – total of employer contributions, employee contributions, and forfeitures (does not include catch-up contributions) [§415(c)].
      Applies to 401(k), PSP, MPP and 403(b) plans.

      		 Lesser of 100% of pay or $53,000 Lesser of 100% of pay or $53,000
      Defined benefit pension plan maximum annual benefit [§415(b)] Lesser of 100% of pay or $210,000 Lesser of 100% of pay or $210,000
      SEP/SARSEP – total of employer contributions and employee contributions(SARSEP only); does not include SARSEP catch-up contributions [§402(h)] Lesser of 25% of pay or $53,000 Lesser of 25% of pay or $53,000
      SEP minimum compensation to be eligible for an employer contribution. $600 $600
      SIMPLE IRA and SIMPLE 401(k) salary deferrals [§408(p)(2)] $12,500 $12,500
      SIMPLE IRA catch-up contributions for age 50 and older. $3,000 $3,000
      Compensation limit [§401(a)(17)] $265,000 $265,000
      Social Security taxable wage base $118,500 $118,500
  • Dividend and Capital Gains & Cost Basis Reporting

    The following cost basis information is to help ensure you have the information you need to make informed decisions about your investment accounts in the Thrivent Mutual Funds or Thrivent Managed Accounts.

    • Dividends & Capital Gains

      See a complete listing of the most recent dividends and capital gains paid to Thrivent shareholders.

    • Capital Gains Distribution Estimates

      To help with tax planning, we provide ongoing estimates for accumulated realized capital gains in Thrivent Mutual Funds.

      Learn more (Link opens in new window)
    • Cost Basis Reporting

      Thrivent Financial provides you with important cost basis information to help you calculate your capital gain or loss for tax purposes when you sell shares in nonretirement accounts.

      Consult with your tax advisor for help in determining which cost basis method is best for you. Once you provide us with your cost basis election, we will track cost basis for your account using the method of your choice and provide you with the information needed to complete your tax return when you sell your investments. This can save you time and expense when completing your tax returns. IRS regulations also require that we report the cost basis information to the IRS on Form 1099-B for tax purposes.

      You can receive complete cost basis information for investments purchased on or after the following dates:

      • Jan. 1, 2011, for equity securities (i.e., common and preferred stock).
      • Jan. 1, 2012, for mutual funds and dividend reinvestment plans.
      • Jan. 1, 2014, for debt securities (including exchange-traded notes) and options.

      Thrivent will provide current cost basis information when available for investments that you purchased prior to the dates above. This is for your convenience and will not be reported to the IRS.

      Have more questions? Check out the Cost Basis FAQs.

    • Cost Basis Calculation Options

      We offer several cost basis calculation options. The various methods indicate the order in which shares are redeemed when you sell your investment. If you do not choose a method, we will use the default method that applies to your investment type.

      Learn more about the cost basis calculation options
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Thrivent Financial and its representatives and employees cannot provide legal, accounting, or tax advice or services. Work with your Thrivent Financial representative and, as appropriate, with your attorney and tax professional for additional information.

1 Traditional IRA deduction (phaseout) limits and Roth IRA contribution income limits are based on Modified Adjusted Gross Income (MAGI).

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