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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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

How to handle Form 1099-B for Treasury notes purchased at a discount

My question is about how to handle the difference between Proceeds and Cost or Other Basis for Treasury notes purchased at a discount. This is not about T-bills or other discount securities, it is about notes purchased at original issue where the pri... read more

TurboTax only asking for my income. My husband gets social security retirement but where do I put in spouse income?

I'm using TurboTax Deluxe desktop version. I had imported some info from Quicken including SSN income. In the Wages & Income, Retirement Plans and Social Security section when I click Update it appears it imported under my name only and is asking que... read more

What do I put in "Annuity start date?

How can I fix an Annuity errors?

Should i answer Yes to receiving monthly payments from retirement annuity from OPM?

What do I do if I received a 1099-B but not a 1099-DIV under investments?

TurboTax is asking for 1099-DIV information but I did not receive one from my investment company. The funds in the account were pulled in 2025.

Does the One Big Beautiful Bill say no tax on Social Security Benefits? Where do I see that on my 2025 Tax Return?

my 1099-int forms automatically check mark indicating info in other boxes. I can't remove this error.

May I get phone call eastern time 9am regarding 1099r? 567278

What do I do if I can't find 1099r w2and w2g forms the IRS is asking for

I'm sole proprietor 1099. I opened and contributed to solo 401k from that 1099 income in Dec 2024. I shouldn't have contributed since my business was at loss.

I am requesting my brokerage to remove the excess deferral in March 2025. I haven't filed 2024 tax yet. My question is: I am reporting that 1099 income. If I also report excess contribution, won't that same income be taxed 2 times? How should I repor... read more