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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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

This answer has been verified for accuracy by an Intuit expert employee Medicare Deduction from Soc Sec

I just started Medicare and deductions come out of my social Security Benefit. Do I have to enter the Medicare Premiums into Schedule A, wherein it is only deductible if I exceed 7.5% of my AGI? What about people who take the Standard Deduction and d... read more

in 2024 I contributed to a roth IRA and later found out I exceeded the income limit. I withdrew the contribution in december 2025. How to I report the error?

reporting for form 5329

1099 question for pfml- box one is blank meaning not taxable, but i had tax withholdings and it keeps coming up as something to correct

Soc. Security lump sum payment

After reporting how much I made last year, it is asking for any non- taxable interest I made last year. How do I find that?

2025 529 Distributions erroneously adds to taxable income as I do get a 1099-Q on parental distributions used to cover valid 529 expenses. Any plan to fix?

2024 version did not charge me taxes on 1099-Q distributions to my social security number to pay for valid expenses. Import into 2025 doesn't ask if expense was valid only adds it to my taxes owed.

My 1099-R for my Roth IRA distribution shows the code " T " in box 7. What gives?

How to file 1099-NEC for state

I efiled 1099-NEC forms with IRS using the Quick Employer Forms, but there was no option to file with my state at the same time. the state requires us to file with the combined federal/state filing program. that option was not available when I filed.... read more

I am trying to complete the final review of all my entered information and it is asking me to review the Canada Pension section. This does not apply to me and can't skip.

Remove Canada Pension section from my account

Backdoor Roth Conversions getting flagged as "excess contributions"

Hi, the existing instructions on entering a backdoor roth appear out of date with the current set of questions. Each time I enter in my backdoor roth, it gets flagged as an excess contribution. There is a confusing question about recharacterization w... read more

program error in calculating additional taxes on RBD distibution

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Featured Topics

Video Guide on Entering Qualified Charitable Distributions (QCDs) for the 2025 Tax Year

Retirement Video Guide 2025: Entering Your Required Minimum Distribution (RMD)

Traditional IRA vs. ROTH IRA: Which is better?

Retirement Plans: Taxing Distributions!

Retirement Plans: Tax Savings Galore!

This answer has been verified for accuracy by an Intuit expert employee Medicare Deduction from Soc Sec

in 2024 I contributed to a roth IRA and later found out I exceeded the income limit. I withdrew the contribution in december 2025. How to I report the error?

1099 question for pfml- box one is blank meaning not taxable, but i had tax withholdings and it keeps coming up as something to correct

Soc. Security lump sum payment

2025 529 Distributions erroneously adds to taxable income as I do get a 1099-Q on parental distributions used to cover valid 529 expenses. Any plan to fix?

My 1099-R for my Roth IRA distribution shows the code " T " in box 7. What gives?

How to file 1099-NEC for state

I am trying to complete the final review of all my entered information and it is asking me to review the Canada Pension section. This does not apply to me and can't skip.

Backdoor Roth Conversions getting flagged as "excess contributions"

program error in calculating additional taxes on RBD distibution

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Featured Topics

This answer has been verified for accuracy by an Intuit expert employee Medicare Deduction from Soc Sec

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