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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

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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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

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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

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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

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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

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they are asking for my wife's tax return when we filed jointly and she didn't have any income

how do I answer this question?

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Should I get a 1099 for withdrawals from a deferred compensation account?

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Part of my distribution from my church retirement account is for housing. Where do I account for this?

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how can i review my 1099 entries

I may have left on out; how do I go back and review all entries

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I am in an endless loop of form 5329 generating a false RMD penalty and respawning when I delete 5329 and the 1099-R. I took more than my RMD, should not be a penalty.

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State ID number on 1099-R shows state abbreviation not a number

shows state abbreviation not a number. Is that acceptable?

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For box 15 on w2, it requires the state. Tennessee is NOT on the drop down list as an option and I cannot manually enter it. What do I do??

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I checked lump sum payment for wrong year and cant find out how to edit it

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Why is there no amount on 1040-SR, line 4a or 4b "IRA Distributions", even though I laboriously entered amounts in Turbo Tax from 1099-R?

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ihave a roth403k,which allow $23000 contribution,roth401k only allow $7000, turbo tax is not update on 403k,ineed help?

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