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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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 received a retirement payment in another country that is deposited into a US bank account. Where do I enter that income to report it?

Again, I receive a monthly payment from retirement in my native country. I understand that I have to report that amount, but I don't know where to go to do that.

PENSION PLAN

OUR RMD HAS BEEN ADDED BUT WE ARE UNABLE TO ADD OUR MONTHLY PENSION PLANS FOR 2025

1099 r Block 9a

TT errors if I leave blank or put in 0%. Any easy work around?

I filed my 25 taxes then received a 1099 g? Now what do I do?

Turbotax not carrying over total basis in IRS Form 8606

I made nondeductible contributions to my traditional IRA from 2007 to 2019. This year I received my first IRA distribution and in calculating my nondeductible contribution total basis, I discovered that Turbotax failed to carry over my total basis fr... read more

1099-R form will not clear due to item #16 State distribution which has no amount shown, and apparently there should be one ?

Calculating 2026 Estimated Taxes with Social Security Retirement Benefits as Major Income Source

I've read in various places that I need to pay estimated taxes if I expect to owe more than $1,000 in federal taxes for 2026.TurboTax estimated my 2026 taxes would be $3,516. When I clicked continue TurboTax said it would not prepare estimated tax pa... read more

Excess 403b contribution withdrawn immediately but not reported as a corrective districution on 1099-R

1) I have a main job where I regularly max out my 403b contribution each year, including for 2025.2) In 2025 I started a 2nd occasional side job. That employer auto-enrolled me into its 403b and deposited an elective deferral in its 403b plan on my f... read more

Cannot include an explanation statement for form 5329. The Quickzoom launches a statement, but I am not allowed to type (get red font that disappears)

This is for line 54a, to request a waiver of tax on incomplete RMD

MAGI Calcuation for Roth

T0 calculate my MAGI in order to know how much I can contribute to a Roth IRA, I know that I have to add in my nontaxable Social Security. I also have other nontaxable retirement income. Do I need to add that back to my AGI?