Retirement Tax Tips and Answers | TurboTax® Support

Retirement tax questions

Video Guide on Entering Qualified Charitable Distributions (QCDs) for the 2025 Tax Year

If you are aged 70 1/2 or older, a Qualified Charitable Distribution (QCD) offers a powerful way to reduce your taxable income while supporting your favorite charities. A QCD is a transfer of funds made directly from your IRA (excluding active SEP or... read more

Retirement Video Guide 2025: Entering Your Required Minimum Distribution (RMD)

The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year. If you turned 73 in 2024 or earlier, understanding these rules and accurately reporting the income on your 2025 tax return... read more

Traditional IRA vs. ROTH IRA: Which is better?

Which is better depends on your financial goals, income, and tax situation. While nobody can predict future tax laws, we have a fairly good understanding that more income usually means higher tax rates. For tax planning you should consider your curre... read more

Retirement Plans: Taxing Distributions!

Is it time to retire? You’ve worked your whole life - setting aside some of your hard-earned dollars to ensure a comfortable retirement. Now it’s time to reap the benefits of your savings! Know your options and gather the knowledge to reduce taxes, e... read more

Retirement Plans: Tax Savings Galore!

The best place to begin your retirement tax savings is with expert knowledge! You’ll find that in the The Golden Years Guide to Tax-Free Retirement, which is filled with great tips from financial experts in-the-know. Most people are familiar with a 4... read more

Uncollectible Small Claims Judgements

Hi, I have three small claims money judgements in California. I have tried to collect on all three. Sought wage garnishment, bank levies, so far all to no avail. The judgements attain 10% interest penalty each year. I renewed the judgements after ten... read more

Video Guide on Entering Qualified Charitable Distributions (QCDs) for the 2025 Tax Year

Retirement Video Guide 2025: Entering Your Required Minimum Distribution (RMD)

Form 8606 not filed for previous non-deductible post-tax Traditional IRA contributions

Hi, I have a Traditional IRA account that was rolled over from a workplace 401K in 2020. I have made two post-tax contributions to the account since then but didn't know about reporting it on Form 8606. I used TurboTax the last few years and I don't ... read more

TSP Withdrawal taxable or not in NJ

Is TSP withdrawal taxable as income in NJ under the following circumstances: Original TSP account had paid taxes in Pennsylvania during contributions. The original TSP account holder deceased and the account was transferred to spouse. Spouse is a res... read more

Cxl Intuit & Credit Karma linkage

I accidentally connect my Credit Karma and Intuit accounts. How do I cancel that and have them unlinked? It says to use number in email confirming connection but there is none.

I like to figure out my meaning balance with out that I can't even check on the status because the 4380 they're saying is wrong

Can I talk to a person instead of through a text

What is Part IX of IRS Form 5329 asking me?

I missed taking my 2024 first required minimum distribution from my retirement account and must file IRS form 5329. Question 52 has parts "a" and "b". What is the difference?

HSA Catchup

Have a question about HSA $1000 catchup. I made $1000 catchup HSA contribution in the beginning of 2025 because I have a HDHP. In October, I enrolled Medicare Part A which retroactively started April 1, 2025. I called my HSA custodian about the exces... read more

Tax on sale of appartment proceeds

On my mothers appartment (deed) on sale of property the 1099S reflects gross proceds, however the finalnet proceeds(smaller amount) was divided between me and my mother. Note i did not reside in the appartment I made her monthly mortage payments. How... read more