Table 4. Taxpayers with Individual Retirement Arrangement (IRA) Plans, by Age of Taxpayer, Tax Year 2004
(All figures are estimates based on samples--money amounts are in thousands of dollars)
Total Age (1) 184,171,487 91,904 529,706 3,937,311 13,374,661 15,995,556 17,174,229 22,382,203 19,978,422 20,421,625 18,231,125 15,463,237 11,709,051 8,199,787 6,336,503 4,795,571 5,550,596
All taxpayers, total No age information Under 15 15 under 20 20 under 25 25 under 30 30 under 35 35 under 40 40 under 45 45 under 50 50 under 55 55 under 60 60 under 65 65 under 70 70 under 75 75 under 80 80 and over
All taxpayers With pension coverage on Forms W-2 [1] (2) 65,841,897 21,443 8,649 258,436 2,713,626 5,783,553 7,255,351 9,252,474 9,159,126 9,780,452 8,819,896 7,001,989 3,811,882 1,330,101 431,238 154,104 59,577
Eligible to make IRA contributions (3) 144,909,585 65,757 87,109 3,572,544 12,726,264 14,650,938 15,139,238 19,329,433 17,551,960 18,049,178 15,923,110 12,709,726 8,122,854 3,880,276 1,799,789 831,598 469,811
Total contributions Number of taxpayers Amount (4) (5) 14,706,060 48,728,653 373 1,118 13,339 31,321 65,143 116,133 372,072 636,528 954,669 1,850,938 1,229,889 2,980,507 1,770,672 5,478,932 1,762,876 5,564,245 2,129,986 7,263,563 2,231,785 8,200,025 2,004,599 8,081,549 1,383,096 5,473,130 627,634 2,266,942 127,858 632,955 26,119 110,213 5,950 40,554
[1] Number of taxpayers with pension coverage is determined from Form W-2 box 13, which indicates participation in a retirement plan. [2] Owners of traditional IRAs were able to convert them to Roth IRAs as long as they met the income limitations for making Roth IRA contributions. Under certain circumstances, SEP or SIMPLE IRAs could als [3] Withdrawals are reported on Form 1099-R; does not include withdrawals for the purpose of rollovers to other IRA accounts if the transfer was made by the trustee; Roth IRA conversions are shown separately. Source: Matched file of income tax returns, Forms 5498, and 1099-R for Tax Year 2004, IRS, Statistics of Income Division, April 2008.
er, Tax Year 2004
Taxpayers with IRA accounts reported on Form 5498 Rollovers Roth conversions [2] Number of Number of taxpayers taxpayers Amount Amount Amount (7) (8) (9) (10) (11) 20,245,617 3,636,026 214,878,448 168,698 2,815,457 1,118 373 186 0 0 9,668 0 0 0 0 9,691 935 2,804 0 0 147,847 16,311 50,241 2,977 5,428 479,717 107,440 862,800 9,914 56,533 888,514 253,905 3,163,295 12,964 75,461 1,964,155 433,894 21,688,016 18,186 202,391 2,026,130 364,474 12,960,780 12,501 213,414 2,972,204 377,747 14,202,489 19,602 276,649 3,467,085 501,202 27,681,268 23,383 364,400 3,686,415 490,787 41,209,845 19,357 243,148 2,849,851 485,130 43,578,426 24,495 763,390 1,335,607 322,959 28,245,508 13,441 344,996 328,062 182,201 15,851,621 7,952 214,628 52,636 58,812 3,642,797 3,772 51,986 26,917 39,856 1,738,372 154 3,033
Contributions deducted on Form 1040 Number of taxpayers (6) 5,587,536 373 4,928 16,008 102,300 263,236 348,648 497,512 566,875 780,225 921,688 906,406 727,772 382,501 55,460 8,452 5,152
Withdrawals [3] Number of taxpayers (12) 12,275,427 0 4,697 3,649 36,782 166,685 266,096 482,856 489,603 607,792 589,935 696,766 1,075,833 1,184,720 2,684,097 2,364,365 1,621,551
in circumstances, SEP or SIMPLE IRAs could also be converted to Roth IRAs; however, these amounts could not be identified separately for the purpose of these statistics. ustee;
Withdrawals [3] Amount (13) 139,621,578 0 5,977 12,091 255,320 542,640 1,274,516 5,362,356 5,114,872 6,453,626 9,185,031 12,838,593 21,775,755 21,581,413 27,339,128 17,555,964 10,324,296
End of year fair market value Number of taxpayers Amount (14) (15) 50,948,264 3,299,300,157 2,829 172,135 29,592 417,749 100,470 661,114 589,915 2,641,417 1,620,545 9,652,752 2,722,574 29,234,284 4,681,839 116,655,931 5,071,123 143,141,666 6,200,359 238,057,778 6,663,442 361,996,921 6,450,892 507,486,580 5,503,054 555,107,774 4,136,243 533,298,669 3,239,670 433,855,922 2,352,067 249,480,659 1,583,650 117,438,806