If you have a MERIT account, you may receive tax documents required to file your taxes and could qualify for retirement savings credits.
Tax Information for MERIT Accounts: Documents
The two tax documents you may see from MERIT are a Form 1099-R and a Form 5498. You can view samples of these documents below as well as a description.
Form 1099-R
Form 5498
Tax Information for MERIT Accounts: Retirement Savings Credits
If you have made contributions to your MERIT account, you may be eligible for a tax credit of up to $2000 using the Retirement Savings Contribution Credit. To check if you are eligible, you can use this eligibility checker on the IRS website.
For more information on your MERIT account or the status of your tax documents, please contact the saver assistance line at 833-608-8840. Questions regarding your tax filings, credits, and implementation of these documents should be directed to your tax advisor.
