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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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

Box 12 Code II is not showing up in the drop down as an option?

Why does my form 5695 when I download it from turbo tax show my QMIN but the IRS says on their end the form is Empty. I want my money back from turbo tax.

The IRS sent a letter asking for more info on form 5695, that they need the QMIN. I reviewed the return turbo tax stated they sent, it has the QMIN. The QMIN is correct per the manufacturer of the heat pump. The IRS agent stated that the form is empt... read more

1099R 1M (qualified loan offset) rollover deadline

I have a 401K loan from a previous employer. The loan is considered a qualified loan offset as I left my company in 2025. The 1099R I received from my previous 401K shows code 1M and it shows the remaining loan amount and taxable amount (same as rema... read more

I have filed an extension! I’m having problems getting my 1099R

I’ve been confused about my 2024 taxes as well. I was charged twice last year for my taxes! I may need help getting my 1099R! Can I speak to a live person PLEASE!

why still need State ID in line23 as I already fill W2 with these information

I am located in NC. I have already filled out lines 15 through 17 on my W-2 form; why, during the final review, does it still indicate that Line 23 requires a State ID?

How to enter 1099-R with Distribution code H when values in Box 1 and Box 5 are different

In 2024 my employer began offering the Roth IRA option. I contributed money to both Roth and standard 401-K. Since I'm over 59 1/2, I rolled most of my 401-K (pre-tax and post-tax) to a self-directed IRA. I received a 1099-R showing a distribution of... read more

I missed doing an RMD for an inherited IRA. How can I add a form 5329 to my online Turbotax return?

How do I resolve "Not Eligibles for E-filing" on my account? It does not give me the option to look at the information in order to resolve it.

It says this: All of the following lines of Form 1040 have a zero value: Line 9 - Total Income Line 11 - Adjusted gross income Line 16 - Tax Line 18 - Total Tax Before Credits and Other Taxes Line 21 - Total credits Line 24 - Total Tax Line 33 - Tota... read more