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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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

TurboTax is not registering my $7,000 Traditional IRA contribution as nondeductible causing my Tax due to jump.

During review of MA State Form 1. "Tax-Exempt Pension should not be entered directly on Form 1" not sure how to fix. Pension Type is G (tax exempt)

Tax Exempt dollar amount listed is correct.

How to enter Room & Board expenses in 1098-T / 1099-Q sections

Turbo Tax is not prompting for room & board expenses in this section (only Book expenses). How do I go about entering, in order to get the proper netting of 1099-Q and total college expenses?

I need the TIN for the Social Security Administration in order to report my Social Security SSA-1099-R

Where is the retirement plan at work option found in the IRA deduction section? I cannot find it.

Been through that section multiple times. Spouse and I are both retired and not covered by retirement plans at work.

where do i post tips received that are included on my 1099 NEC

Turbotax incorrectly listed the income type on Schedule 1 from my 1099-NEC.

I had a 1099-NEC and a 1099-MISC on my return this year. When TurboTax listed the income types for both of these on line Z of Schedule 1, it listed the Income Type for my 1099-NEC as "Settlement Income from 1099-MISC". Also, it listed the Income Type... read more

Problem E-filing Wisconsin taxes after rejection

On 2/21/26, I e-filed both federal and Wisconsin state taxes. Federal was accepted. Wisconsin was rejected due to the Retirement Subtraction feature. I was informed a software update on 2/26/26 would resolve the problem. I updated Turbo Tax and tried... read more

QCD and screen freezes

I input info from my 1099-R, X in 2b Taxable amount not determined, distribution codes Y and 7, X in the IRA/SIMPLE box. Whwn I get to the page which asks: How much did ... transfer directly to charity? - as soon as I enter the first digit of the QCD... read more

Lump Sum Social Secutiy Payment

I received a WEP elimination lump sum payment in 2024 which is included in my 2025 Social Security Benefits Statement. My wife also receives social security but did not receive a lump sum payment.When completing the section in TT for social security ... read more