JohnB5677
Expert Alumni

Retirement tax questions

Yes, you can file your return, but take a moment to review the 1040.

 

You may want to make note of boxes 4, 5 & 6.  These refer to retirement income.

Also check line 23 Other taxes.  This would include any penalty for an RMD shortfall.

 

From the left sidebar

  1. Select Tax tools
  2. Hint: You may have to minimize the Federal and State selections
  3. Click Tools
  4. A Menu will pop up
  5. Select View tax summary
  6. On the left panel click Preview my 1040

Some Key numbers:

  • 11 Adjusted Gross Income
  • 12 Deductions
  • 15 Taxable income
  • 16 Tax
  • 33 Withholdings
  • 34 Refund
  • 37 Amount you owe
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