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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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

Turbo Tax is assessing an RMD penalty even though I've fulfilled my RMD requirement

I have multiple IRA accounts. To address my RMD obligation I calculated the RMD amounts for each account to get my total RMD due. I fulfilled my total RMD requirement by withdrawing more out of one account than two of the others. Even though I have w... read more

Taxability of NYS inflation relief check

Hi (again), I received a $400 "inflation relief check" in 2025 from New York State. I'm trying to confirm whether or not it is taxable on my Federal return. Google/Gemini implies that it is NOT if you took the standard deduction in 2023(!) but I'd li... read more

Can you help? Is the answer yes or no? 1099-G regarding paying back funds. I answered yes and got an error message. The payback was that restitution payment.

TurboTax is telling me that my spouse had excess Traditional IRA excess contributions of $6618. That is not true. There were no excess contributions. How do I fix this?

I am 66 and I contributed $8k to my Roth IRA; my spouse is 65 and contributed $8k to her traditional (rollover) IRA. We both had income that meets thresholds. Tax year 2025. What is going on?

1099-R Distribution Percentage. Smart Check Error

I received a 1099-R for a lump sum distribution from a passed relative's 403b plan. I was one of 8 beneficiaries. The 1099 has 12% in box 9a and the Total Distribution box is unchecked Smart Check reports an error saying that box 9a cannot have a val... read more

How do I fix TurboTax not recognizing RMD was fully taken, since it was taken from four different funds within one IRA?

The amounts taken from the four funds (all in one IRA account) add up to the correct RMD. But TurboTax is not adding up the four withdrawals and applying them all to the RMD. (Last year's situation was the same, and TurboTax had no issue with this at... read more

If only one spouse had earned income in 2025 can both contribute to their roth ira?

The spouse earned $4000.

Is the $15000 pension and annuity exclusion still valid for NYS tax return this year? I do not see it on mine. I have not owed NYS tax in years but now I do.

If I have a pension from germany equivalent to social security benefits in us and reside only in US how should i enter this in turbotax

I am73 and self employed and made the maximum SEP IRA contribution. When I enter my traditional individual IRA contribution of 8,000 as occurring between 1JAN26 and 15APR26 my tax burden increases. Why?

Top Contributors

User

Count

Meet your expertsAll Experts >

Employee Tax Expert

Enrolled Agent with 13 years of experience helping individuals and business owners navigate the tax code. I en...

Employee Tax Expert

EA , Master's of Taxation

Employee Tax Expert

I am in my 13th season as a tax professional and my 10th season as an enrolled agent

Employee Tax Expert

Technical tax professional, Certified Public Accountant, happy to help.

Spotlight

Tax Questions: Who's Your Expert?

Win $100! Tax Write-Off Sweepstakes. Reply for entry.

New Tax Deductions & Changes - One Big Beautiful Bill Act (OBBBA)

Expert does your taxes

Do it yourself

Resources

Support

Featured Topics

Video Guide on Entering Qualified Charitable Distributions (QCDs) for the 2025 Tax Year

Retirement Video Guide 2025: Entering Your Required Minimum Distribution (RMD)

Traditional IRA vs. ROTH IRA: Which is better?

Retirement Plans: Taxing Distributions!

Retirement Plans: Tax Savings Galore!

Turbo Tax is assessing an RMD penalty even though I've fulfilled my RMD requirement

Taxability of NYS inflation relief check

Can you help? Is the answer yes or no? 1099-G regarding paying back funds. I answered yes and got an error message. The payback was that restitution payment.

TurboTax is telling me that my spouse had excess Traditional IRA excess contributions of $6618. That is not true. There were no excess contributions. How do I fix this?

1099-R Distribution Percentage. Smart Check Error

How do I fix TurboTax not recognizing RMD was fully taken, since it was taken from four different funds within one IRA?

If only one spouse had earned income in 2025 can both contribute to their roth ira?

Is the $15000 pension and annuity exclusion still valid for NYS tax return this year? I do not see it on mine. I have not owed NYS tax in years but now I do.

If I have a pension from germany equivalent to social security benefits in us and reside only in US how should i enter this in turbotax

I am73 and self employed and made the maximum SEP IRA contribution. When I enter my traditional individual IRA contribution of 8,000 as occurring between 1JAN26 and 15APR26 my tax burden increases. Why?

Unlock tailored help options in your account.

Get more help

Ready to start your taxes?

Do you have a TurboTax Online account?

Featured Topics

Unlock tailored help options in your account.

Get more help

Ready to start your taxes?