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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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

I mis-typed the total year-end value of my IRA, and cannot find where to re-enter the number! Many thanks...

I don't have W-2, I have 1099-R where do I file my income?

How do I file taxes using a 1099-R form?

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

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 am i paying excess on my RMD. it was reported on a 1099R which includes it with my retirement $

I received my RDM by 12/31.

I'm trying to finish filling out a 1099-G Schedule. Its asking for paid family medical leave distributions? I don't know what to enter?

Nondeductible Traditional IRAs Question

How to answer the below question. I been contributing $100 monthly ($1200 a year) for years. I’m not sure how I responded to this question before as I don’t remember seeing it in TT. I haven’t been getting credit for the contribution and been getting... read more