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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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 do I import multiple prior year 5329-T forms into current year tax return

I can retrieve the previous year 5329-T forms (2024 and 2023), but how do I import them in to my 2025 tax return in TurboTax.

I inherited an IRA and missed the minimum required distribution. Because I'm not 73, turbotax online won't prompt me to start a Form 5329. How can I enter a 5329?

Can I deduct health insurance premiums paid from by bank account to former employer retiree health insurance plan?

I am retired and offered retiree health insurance coverage benefit by former employer. The monthly insurance premiums are directly debited as an ACH transaction from my bank account by former employer. Can I deduct these post tax premiums paid? FYI, ... read more

How do I know if my 1099-R is a 403 (b) plan?

My husband just became 100% disabled thru VA. We have no idea how to file income tax. Can someone help?

VA disabilty? What do I need to file federal income tax?

1099-INT Box 17

When completing an 1099-INT form, TurboTax requires me to put a value for box 17 since box 15 (State) and box16 (State Identification no.) are populated. The 1099-INT, I received from my bank, has box 17 empty (box 15 and 16 have values).Has anyone e... read more

I entered a Roth IRA contribution, but then realized that I should not have entered, so I deleted it. But it is still showing as other income. I think there is an issue

I think I am eligible for a Residential Clean Energy Credit on my federal form, but Turbotax is not asking me about this. How do I enter it?

I have an off-the-grid electrical system with solar panels, batteries, and inverter/battery chargers. I added solar panels, and replaced the batteries and inverters with upgraded technology, costing about $72,000. I think I should get a 30% tax credi... read more

keeps asking for canadian pension info don't have any

on review asks for canadian pension

Inherited IRA non Spouse

Inherited a Qualified IRA Variable Deferred Annuity (Non Spouse) was sent paperwork, to include a W4-P,& W4-R, I want additional tax of 24% taken out, I was advised on the form W4-P 4a to put 24%, is that the correct spot to put it?