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Retirement tax questions

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

what is a 1099?

what does 1099 R mean?

I contributed to a Roth IRA in CY2024 but had no income then withdraw it and earnings in CY2025

I contributed $3000 to a Roth IRA in CY2024. It gained about $800 that year. I had no earned or other income. I did not file Fed income taxes in CY2025 since I had no income. Then in July 2025, I withdrew the $3,000 plus $800 as an excess contributio... read more

Where to enter"Retirement Benefit benefit (contribution) made by Foreign employer

Living abroad and qualify for the foreign income exclusion. Do not qualify for an IRA or 401k - which foreign employer does not provide. Foreign employer does provide a "Retirement Benefit payment" . which goes into a taxable account Where is this Re... read more

Where on my tax form 1040 SR, should I see the amount of my Voluntary Federal Income tax withheld from my Social Security benefits?

I see in section 25b of 1040SR- my taxes that were withheld from my TDAs., but not from my SS benefits. I checked on the Turbo Tax form and the correct amount was typed in. Am i missing something?

Regarding NZ Kiwisaver account

Hi, My spouse is a NZ citizen and moved to USA in Feb 2024 on a GC. There are no plans to move back to NZ. Given that, can she move her kiwisaver account (401k equivalent) to USA and add it to her current 401K balance in the US? Are there are any tax... read more

IRS 8608

Hi,I set up a traditional IRA in 2024 and put in nondeductible contribution. But I forget to file IRS 8608 with my 2024 return. How can I amend the siution? What form do I need to file? Appreciate your help!

I am a 100% disabled veteran. Does this count as disabled for tax reasons?

80 years old

no 1099 SA REceived only statement of deductions

i did not get 1099 sa only statement of deductions

Foreign Tax Credit

I live abroad in a country with a double taxation agreement. All of my income is US sourced, but also taxed in my country of residence. How do I claim these taxes paid as a Foreign Tax Credit using turbotax?

I received a lawsuit settlement check for a stock held in a Roth. Is it okay to deposit this check in a bank account or must it be deposited back into the Roth?

This answer has been verified for accuracy by an Intuit expert employee First RMD before birthday

Hello, My wife turns 73 in June 2024, so she must begin taking her RMD. I know she can delay this until April 1, 2025, but can she take her first RMD in 2024 before her 73rd birthday and have it count for her 2024 RMD? Thank you,Kevin

Looking for clarity about the 401k 55 rule, is it the year you turn 55 or your 55 birthday ?

IRA BDA - duplicate RMD

Forgot that I had activated Fidelity automatic RMD withdrawal for inherited IRA and accidentally took the RMD twice. Fidelity said that I cannot return the duplicate withdrawal into the IRA BDA. I want to avoid the tax consequence and based on what I... read more