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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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

When will update be available to allow the QTP to Roth IRA transfer?

For box 15 on the state it is not in the drop down menu for me to selevt. How do I get past this?

Why isn't Tennessee where I can select it in box 15?

If Windfall Elimination in Social Security payments resulted in lump sum payment is it reported?

Turbo Tax says lump sum payment for previous year is larger than can be reported

Why is Form 5329 and explanation page not included in my efile?

I have amounts in Form 5329 and a typed explanation for the waiver but neither page is included in the print file, pdf file and it appears it is not in the e-file either. What do I need to do to get this form and explanation included so I can e-file ... read more

Wisconsin tax form rejected with code TY25_WI_Retirement_V2_Narrow_

My Wisconsin tax form was rejected twice with the code TY25_WI_Retirement_V2_Narrow_. Some of my retirement income was from a non-qualified plan. TurboTax was doing an update on 2/26/2026 to solve the problem. I was told to go to Retirement Benefits ... read more

Turbo tax is including NYSDC that is NOT PERIODIC in the NYS income exclusion. This is NOT CORRECT, I selected that it is NOT PERIODIC, but it keeps including the income!

Lump sum and non-periodic payments are NOT ELIGIBLE for the $20K annual state income tax deduction!

I can't get the online version to prompt me about a missed RMD, and I can't add it under other tax situations. How do I get to form 5329?

I looked at answers from last year on how to get to the form but the questions to trigger the form are not being asked. The AI says to pick an option under other tax situations but I have no idea which question will lead me to form 5329.

Excess IRA nondeductable contribution distribution procedure

If an excess nondeductable amount was made to a traditional IRA in 2021, how is the distribution handled in 2025?

New York State and City Education (optional retirement program)

How do I enter New York State and City Education to prevent New York State tax?

Calendar 2025 Excess IRA Contribtution

Hello, In June of 2025, an $8,000 traditional IRA contribution was made for calendar 2025. The self employment earnings significantly decreased in calendar 2025, resulting in the max allowable contribution in calendar 2025 to be $4,500, so the calend... read more