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Retirement tax questions

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

This answer has been verified for accuracy by an Intuit expert employee Is my daughter required to report as U.S. income the €1,000 a month stipend she receives from the Spanish Ministry of Education for the N. A. Language Assistants Program?

Spain withholds no taxes on her payments and considers it living expenses. Her contract is for six months so she does not qualify for a U.S. foreign residency credit. If yes, where would I report this on her 1040?

is NALCAP stipend income subject to US employment tax?

Hello, this is in regard to the 2023 tax year. I am a US citizen who worked part of the year (approx 6 months) in Spain as part of the Spanish government's NALCAP program. I reported the living expense stipend amount (equal to approx $3300 total over... read more

How do i answer the questions for my 1099 nec form of i was the employee

On line 1 of my 1099 nec form as an employee how do I answer the questions as a bartender

Regarding NZ Kiwisaver account

Hi, My spouse is a NZ citizen and moved to USA in Feb 2024 on a GC. There are no plans to move back to NZ. Given that, can she move her kiwisaver account (401k equivalent) to USA and add it to her current 401K balance in the US? Are there are any tax... read more

How does withdrawing my 401k early impact taxes?

I have a 401k from a previous job that’s just sitting there. I already have another 401k going through my current job. Rather than rolling my old one into a new one, I’m considering withdrawing the funds. My car died this year and I had to get a new ... read more

are rollover from a 529 plan into a Roth IRA taxable in state of michigan

I was planning to rollover some leftover funds from 529 to Roth IRA for my child but I'm wondering if I have to pay any Michigan state taxes

I can I calculate 2025 FIT including social security income?

How can I calculate 2025 federal income tax if I start recieving social secuity?

I had an excess Roth IRA contribution in 2022 that I recharacterized. The excess amount was added again to my 2023 return and I paid a penalty. How do I fix this issue?

I amended my 2022 return due to the recharacterization and was refunded the tax penalty for that year. I believe TurboTax pulled my original 2022 return and applied the excess contribution into my 2023 return. I want to amend my 2023 return but I did... read more