E-File Form 1098-Q Online to Report QLAC Information

For the 2026 tax year, Form 1098-Q must be furnished to participants by February 01, 2027. The IRS filing deadline is March 01, 2027.

$60 to $340 per form, and the IRS can charge separately for the IRS copy and the recipient copy. Intentional disregard starts at $680 per form and has no annual cap.

The other tiers are capped annually — for returns due in 2027, $244,500 to $1,397,000 for small businesses (average annual gross receipts of $5 million or less) and $698,500 to $4,191,500 for larger filers. Amounts are indexed for inflation each year.

Premiums paid toward a QLAC must not exceed the applicable limit set by the IRS.

For the 2026 tax year, the maximum QLAC premium limit is $210,000. This limit applies to premiums paid for QLAC contracts subject to the applicable plan or IRA rules.

The limit is adjusted annually for inflation, with increases rounded down to the nearest $10,000. Issuers and applicable plan administrators should verify that premiums do not exceed the IRS limit applicable to the year of the premium payment.

Yes! A QLAC can be funded using eligible retirement accounts such as IRAs or employer-sponsored plans. However, total premiums across all QLACs must not exceed the IRS limitation amount.

A QLAC can be structured to continue providing value after the participant passes. Depending on the contract terms, beneficiaries may receive a return of premiums paid, or a surviving spouse may receive ongoing annuity payments.

However, these provisions must be set up correctly within the contract—any arrangement that falls outside IRS rules risks disqualifying the contract's QLAC status entirely, triggering immediate RMD exposure on the full account value.