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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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 am trying to complete the final review of all my entered information and it is asking me to review the Canada Pension section. This does not apply to me and can't skip.

Remove Canada Pension section from my account

1041 Estate Filing and K-1 Withholding Credit

I completed form 1041 for my brother's estate, and the K-1 for the beneficiary has been created using TurboTax business tax software. The 401k plan administrator provided a 1099R for the full distribution to the estate with federal and state taxes wi... read more

The app scanned my 1099-mic, it filled in the SSN, but not the EIN number. When I try to fix this, it only accepts the SSN. Can't get past this. How do i get pass this?

Cannot get past this error. When I select the EIN and enter the number, I deleted the SSN (since it's not one), checked the EIN box, and clicked Continue. The web page will refresh and give an error asking for the SSN.

I am over 50 and should be able to contribute $8k to my Roth, when I enter $7k no extra tax but $8k my tax goes up like there is additional tax. Why?

There is a 6% tax with excessive contributions. This increased amount seams similar. I wonder if it’s a glitch in the TurboTax system.

Do I need to include a 1099-R for a ROTH IRA that was received upon the death of my father?

My wife's father died and the ROTH IRA was inherited as his accounts were distributed. We received a 1099-R for this transaction.

How do I fix this: qualified Roth distribution, correctly classified as NON-TAXABLE on Federal return, is wrongly classified as taxable on NJ state return.

How do I indicate that my pension distribution falls within NYS pension exclusion?

NYS pension exclusion

Taxes on withdrawals of Roth conversions (including earnings) made, when over 65 years old, to an existing Roth IRA that is over 5 years old.

I am confused about taxes when taking Roth IRA distributions. Let me use a concrete example:1) I am over 65 years old.2) I already have a Roth IRA that is well over five years old. It has about $20K in it.3) I have a traditional IRA that has $500K an... read more

Should an IRA contribution for the prior year affect basis on the following yar IRA information sheet

I made two contributions in 2025, one for 2024 and one for 2025 with both rolled over to Roth in 2025. How do I enter this to avoid excess tax.

whty was'nt social security income added to my total income for 2025?

turbo tax did not add my social security income to my gross annual income therfore my tax figure is incorrect

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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!

I am trying to complete the final review of all my entered information and it is asking me to review the Canada Pension section. This does not apply to me and can't skip.

1041 Estate Filing and K-1 Withholding Credit

The app scanned my 1099-mic, it filled in the SSN, but not the EIN number. When I try to fix this, it only accepts the SSN. Can't get past this. How do i get pass this?

I am over 50 and should be able to contribute $8k to my Roth, when I enter $7k no extra tax but $8k my tax goes up like there is additional tax. Why?

Do I need to include a 1099-R for a ROTH IRA that was received upon the death of my father?

How do I fix this: qualified Roth distribution, correctly classified as NON-TAXABLE on Federal return, is wrongly classified as taxable on NJ state return.

How do I indicate that my pension distribution falls within NYS pension exclusion?

Taxes on withdrawals of Roth conversions (including earnings) made, when over 65 years old, to an existing Roth IRA that is over 5 years old.

Should an IRA contribution for the prior year affect basis on the following yar IRA information sheet

whty was'nt social security income added to my total income for 2025?

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