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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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

Turbotax will not accept my Army retirement?

where to enter Army retirement?

Recharacterization and Backdoor Roth Conversion Reporting Question

Hi @DanaB27I've just started a Recharacterization process from my Fidelity Roth IRA account to a Traditional IRA account (opened today just for this purpose) as I've made an excess Roth IRA contribution in 2025 (well above the MAGI limit). I don't ha... read more

Overcontributed to IRA in 2024. How to correct this?

In early 2024 tax year, I contributed $3800 to a traditional IRA and $4200 to a Roth IRA. The total was $8000 which is allowable for me because I am 60 years old. I paid estimated tax on April 15, but filed an tax extension. But when I did my taxes t... read more

Back Door Roth

I did a back door Roth in 2025. I converted 8K (7K plus 1K allowable for being over 50). TT is showing the 1K as being taxable when it should not be. where do I find the right prompt/question to trigger the 1K to being non taxable as allowed for bein... read more

I am claiming that I didn't pay back all of my 1099-R however your app is forcing me to answer FEMA questions which is not the case... how do i fix this

I get an error when I try to e-file and my software check shows I am up to date, how do you clear this?

the error is "FAILED_VALIDATION. There is an update available for your version of TurboTax. Before you can file electronically, you'll need to get this update. To do this, go to the Online menu and select Check for Updates.

why is Turbo Tax treating our 401k rollover to an IRA as income? because of this we don't qualify for the over 65 additional 12,000 deduction...

I electronically filed my 2025 using turbo tax for my wife and I and had $112,361 in Pension payments, $106371 taxable, and $58056 in Social Security zero taxable.

The IRS said that $49000 of SS payments were taxable.Why the difference between the return and IRS?

IRA RMD

I have two IRAs with RMDs. The first IRA had a total annual distribution of $9000 that covered the $3000 RMD for it as well as $5000 toward the second IRAs RMD. There isn't a place to show that the first IRA distribution covered part of the second IR... read more

I have been in theatre for years. I am retired but will be directing a play and doing it pro bono. Can I deduct expenses?

I am a playwrite now as I have been in theatre since the 60s. I decided to allow a theatre to produce my play, pro bono in order to possibly get promotional video to use to get it produced for profit. I am traveling there, living there for a month (w... read more