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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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

I have 1099-B from futures brokerage, but it has only boxes 8-11 listed all other boxes are empty, how do i enter these info in turbo tax ?

SS taxes owed

In using TurboTax, their tax calculation on page 2, 6a, social security benefits, after input of $69,696 was 0. Therefore it calculate taxes incorrectly. IRA & Pensions totaled over $74K on form. What happened?

I have letter from IRS wanting 4,628.43 more. they mentioned Form 95 that deald with railroad Pensions, i never receivec one just 20 year service USAF

PUBLICATION 915

I called our state to ask how to fill out a form and was told that we actually did NOT have an NOL and he adjusted our taxes. Now we owe "excess refunds" back to 2020.

I have not filed our state this year (Arkansas) and filed and extension to see how to get what this guy did corrected. I added on audit defense. Would it cover something like this?

K-1 Passthrough

My K-1 Passthrough does not have Box 14 info yet the 1065 K-1s have the Box 1 loss showing up in Box 14 which is incorrect. I did not check the box that indicating that Box 14 applied. How do I correct this?

Social Security tax rate

I am retiring on July 31, 2026 at age 62. I will not be working after that. I will be applying for Social Security soon, but need to tell them how much tax to withhold. I have no idea. Can someone guide me here, please? I don't have an Accountant.

If y'all took your face out my account before my check came in and I had withdraw them from our check will y'all take them again

You took my face because the check was late will you take them again

what is publication915 Social Security and Equivalent Railroad Retirement Benefits?

IRS disputed my social security benefits deduction for 2025 computed by Turbo Tax. Citing Publication 915.

PA early withdrawal 401k what to choose and how to determine basis

My husband took an early withdrawal from his 401k and rolled the rest into an IRA when he lost his job. I'm in the state side of turbotax and it is asking us to Choose the description or type of retirement distribution that best matches your Pennsylv... read more