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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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

$6000 SS credit

TurboTax is not applying this on 13b nor is there any schedule 1A. I’m 75 years old I should be getting this but I’m only getting the standard deduction.

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Hi, the existing instructions on entering a backdoor roth appear out of date with the current set of questions.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

If I don't enter Form 5498 why did I receive this form and it is furnished to the IRS?

Form 5498 states IRA Contributiom Information. IRA form states RMD 12TH/31/2026 and has RMD amount as $195.00 What does this mean

Is anyone else having an error issue with entering Form 1099-Q data? It says my Box 1 number doesn't equal the amounts of Box 2 and Box 3 amounts. Thanks!

NPS reporting to IRS

I have Indian bank accountSavings Bank, Fixed deposits, Stocks, Mutual funds. I will be reporting all of them to IRS via the FBAR form. I also have NPS and PPF for which I am making active contributions. Do I report it to IRS using Form 3520 or just ... read more

where do i enter income if the client did not send me a 1099? Where do i do this in turbo tax?

Hey so disappointed that Turbo tax cannot answer this: I did not receive a 1099 form a client - where do i enter that income myself in the turbo tax system?

I'm trying to enter my 1099-G but the tax year won't allow me to enter 2025, and that is what is on my form.

RMD on Federal Employee Retirement System (FERS) Annuity

With respect to Federal Employee Retirement System (FERS) annuity and using TurboTax (TT) Desktop, what is the fix for the misleading/erroneous directions for RMD as it isn't an IRA but an annuity drawn each month from OMB. While I understand as some... read more