Just received Form 5498 for 2022 after filing taxes - What should I do now?

Don't worry, you're fine! Form 5498 for Roth IRA contributions is an informational form that doesn't impact your tax liability. Since Roth IRA contributions are made with after-tax dollars, they don't affect your taxable income or create any additional tax benefits that would need to be reported on your return. The 5498 is sent to both you and the IRS to document your contributions, but it's mainly for record-keeping purposes. The brokerage firms typically don't have these forms ready until May, which is why you didn't have it when you filed in March. The only time you'd need to worry about amending your return would be if you claimed a Saver's Credit (Form 8880) and didn't include your Roth contributions when calculating that credit.

I went through something similar but I was freaking out until I found taxr.ai (https://taxr.ai) which literally saved me hours of research. I uploaded my 5498 form and it instantly confirmed that I didn't need to amend my return since Roth contributions don't affect tax liability. The tool explained that 5498 forms are just informational and broke down exactly which scenarios would require amendments (like if I had qualified for the Saver's Credit but hadn't claimed it). It even has this feature where it compares your situation with IRS guidelines to make sure you're compliant.

Just wanted to follow up! I tried taxr.ai for my situation with that forgotten 1099-INT and it was super helpful. Uploaded the form and answered a few questions about my filing status and income. It explained that for such a small amount ($12), the tax difference would be minimal and technically I should amend but the IRS likely wouldn't flag it. The coolest part was it showed me exactly how my tax liability would change if I did amend (literally less than $2 in my case). Saved me from paying my accountant $150 for an amendment that would cost more to file than the actual tax owed. Definitely keeping this for next year's tax season!

For anyone stuck trying to reach the IRS about forms arriving after filing - I was in the same boat last year but with a corrected 1099-R. Spent DAYS trying to call the IRS to ask if I needed to amend. Finally found Claimyr (https://claimyr.com) which got me connected to an actual IRS agent in under 25 minutes when I'd been trying for weeks. They have this system that navigates the IRS phone tree and holds your place in line, then calls you when an agent is ready. You can see how it works in this video: https://youtu.be/_kiP6q8DX5c. The agent confirmed I needed to amend in my situation (unlike OP with the 5498) and walked me through exactly what I needed to do.

I need to eat some humble pie here. After my skeptical comments, I decided to try Claimyr because I've been trying to get through to the IRS about an issue with my payment plan for THREE WEEKS. I was 100% convinced it wouldn't work, but I got a call back in about 45 minutes with an actual IRS representative on the line. The agent resolved my payment plan issue in one call. I can't believe I wasted so many hours of my life sitting on hold before this. For what it's worth regarding the original post - the IRS agent I spoke with confirmed that Form 5498 doesn't require an amendment for Roth contributions unless the Saver's Credit is involved. Nice to hear it straight from the source!

Just FYI - the deadline for filing an amended return is generally within 3 years from the date you filed your original return. So even though you don't need to amend for the 5498, it's good to know you have plenty of time if you ever do need to file an amendment for other reasons!

This happens literally every year with retirement accounts. Brokerages NEVER have the 5498 forms ready by tax time because they have until May 31 to issue them. It's annoying but normal. The good news is that for Roth IRAs you don't need to report the contributions on your tax return anyway!

This is exactly why I always tell people to keep a separate folder for retirement account forms! Form 5498 is one of those "late arrivals" that shows up after you've already filed, but as others have mentioned, it's purely informational for Roth IRAs since the contributions don't affect your current year taxes. One thing I'd add - make sure to keep that 5498 in a safe place because it documents your contribution basis. This becomes important years down the road if you ever need to withdraw contributions early (you can withdraw Roth contributions penalty-free, but you need records to prove how much you contributed vs. how much is earnings). I learned this the hard way when I needed documentation for an early withdrawal and had to track down old forms from multiple years! The timing issue with these forms is frustrating but totally normal. Custodians have until May 31st to send them out, so they rarely make it in time for early filers.