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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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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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Can someone explain why Turbo Tax has put $950 in on Form 8606 line 2-Nondeductible contributions basis, when I made no contributions to a Traditional IRA?

$950 is not reported anywhere, and I made no withdrawals or contributions to a traditional IRA. I have no idea where this $950 is coming from?

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Inherited roth ira in Pa

My dad died in 2023 at age 93 and never made a withdraw on his ira and my mom inherited the ira and she died in 2024 at age 91 and she never made a withdraw.Their daughter inherited the roth ira and made a withdraw in 2025 is this a taxable withdraw

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1099R NYS withhoding problem

I cannot file because TT thinks that my line 14 NYS with holding exceed my gross amount in line 1. I end up in a continuous loop trying to correct correct information. Cannot efile due to this error

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Merrill Lynch does not show up as an option to directly download my 1099

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For the homestead credit for underage 62 it asks are you disabled. My spouse has been on ssdi since 2021 what do I do

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How to enter Room & Board expenses in 1098-T / 1099-Q sections

Turbo Tax is not prompting for room & board expenses in this section (only Book expenses). How do I go about entering, in order to get the proper netting of 1099-Q and total college expenses?

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Is my US government FERS retirement plan a qualified plan?

My statement of annuity paid doesn't mention qualified or unqualified plan status

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We received a 1099R from our Roth IRA after we had filed our 2025 return. I have tried to amend that return. How can I report this additional 1099R?

The amend my return section of TurboTax is not yet available.

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Can I add the Medicare Part C that is deducted from our pension payments to the medicare C premiums deducted?

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How do I enter income received by donating plasma as BioLife does not provide a 1099?

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