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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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

Where do I enter my 1099 SSA SM repayment info

It says IRA, 401(k), Pension Plan Withdrawals (1099-R) will be available soon but that does not apply to me and it won't let me file without it

can I re-deposit First RMD check from emplyer 401k to reduce tax liabilty due to miscommuncation

Turbo Tax Community Experts, I turned 73 in 2025 and I retired on 31 Dec 2025. My prior employer 401 k transition transitioned from Vanguard to Fidelity. Vanguard issued my first RMD check on 19 Dec 2025 and I received it in the mail on 29 Dec 2025. ... read more

Form 8606 = where to input the basis of a second IRA. Pro-rata rule

In 2024, I contributed $8000 non-deductible money to an IRA. And then did a backdoor conversion to a Roth IRA. I neglected to convert a second IRA held with another company to a Roth IRA. I'm in the process of filing an amended 2024 return because I ... read more