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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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

Excess Roth Contributions. Recharacterization?

I have excess Roth contributions for 2025. If I have those recharacterized to my IRA, does that remove the excess taxes? Does it become a contribution to my IRA as though I'd put it there in the first place? Thanks.

1099-QA (2025 premier desktop)

The form is missing from the list (search and browse fail to show it). I saw post regards 2024 filing and followed the suggested steps which yield no results).

Why doesn't TurboTax allow me to delete Canadian Registered Pension Income from my entries? I have NO foreign bank or investment accounts!

Why do I have to make entries for Canadian Registered Pension income?

RORH Conversion in December 2025 and January 2026 - when and how much Tax is due

Speaking hypothetically when and how much Tax is due; I think the following is correct:IRA to Roth conversion day after Christmas in December 2025- tax is due by 15 January- amount due is the full conversion amount times where my final tax bracket fo... read more

Inherited IRA, RMD and Excess to Roth?

I have an inherited IRA from 2013, so all the current regulations are moot, evidently, according to my IRS phone call. That said, I had an RMD for 2024 of $543.00. (RMD on the form 1099-R, which is coded 4.) I actually took out $3410.60. So, on Line ... read more

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

CT CHET Contributions tax deduction not properly calculating??

When I enter the amount of $10,000 for CHET contribution under the section "Here's the income that Connecticut Handles Differently" it accepts it but when I look at the form details I don't see where it is actually providing the proper credit/ adjust... read more

Annuity information

I have a question regarding this section, Annuity info - For the years you received these distributions, was the total amount shown in the form the amount you paid tax on? I just started to receive this pension plan on 1/2025. The 1099-R has 2a blank... read more