Tax Center

Taxation Overview

Buying and selling securities may be simple, but it takes time and research to understand how to report your transactions for tax purposes and how to factor potential tax liabilities into your investment strategy. Discover Firstrade's tax resources today!

Statements and Forms

Need help reading your Firstrade statements? You'll find everything you need here, along with mailing date information and links to your tax forms.

Tax Topics

Learn the basics about various tax situations and filing requirements.
Important Dates
Date Event
February 7, 2022 Forms 1099R and 1099Q are released
February 15, 2022 Consolidated 1099 is released
March 15, 2022 1042-S is released
April 18, 2022 IRS Tax filing deadline for tax year 2021
May 2, 2022 5498-ESA is released
May 31,2022 5498 is released
Contribution limits

2022

Below 50 yrs. old:   $6,000
50 yrs. and older:   $7,000

2021

Below 50 yrs. old:   $6,000
50 yrs. and older:   $7,000

For more details, please visit the IRS website regarding contribution limits.

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