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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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

Backdoor Roth Conversions getting flagged as "excess contributions"

Hi, the existing instructions on entering a backdoor roth appear out of date with the current set of questions. Each time I enter in my backdoor roth, it gets flagged as an excess contribution. There is a confusing question about recharacterization w... read more

Supplemental Judgements

Do I need to file a 1099 to my ex husband for a supplemental judgement and money award for unpaid taxes? We divorced in 2016 and he is now asking for unpaid taxes from 2014. The judgment was awarded in 2025. thanks!

Why can't i add my 1099-nec

1099-NEC has nothing in Box 6 but turbo tax is forcing me to put something in Box 6 state and Box 6 state number. what do i do?

I'm a NJ tax filer and received a W-2 for a nonqualified plan distribution, some of which is taxed in NJ (line 20a) or excluded (line 20b). How do I enter in Turbotax?

The W-2 reports the distribution in both box 1 (wages) and 11 (nonqualified plans). But the NJ portion of Turbotax doesn't recognize this as a retirement plan distribution for lines 20a/20b of the state form, and instead treats it as wages. How do I ... read more

TurboTax is charging me tax on a qualified 529 to Roth Distribution, Any ideas how to adjust? The distribution meets the IRS requirements for tax free, penalty free.

Turbo Tax did not calculate my SSA Taxable portion accurately

When I prepared my 2024 taxes it wasn't until I had submitted that I noticed the line 6B Taxable amount for Social Security Benefits was blank!! when I contacted Turbo Tax and spoke with an expert he stated that it was accurate and that my SSA Benefi... read more

My 1099-R for my Roth IRA distribution shows the code " T " in box 7. What gives?

RMD and Roth Conversion. I have 3 IRA's. I satisfied my RMD from two accounts and did a Roth Conversion with additional monies. I am not clear on how to enter this in TT.

We have 4 IRA accounts. My wife has completed her RMD from a single IRA. I have 3 IRA accounts. I satisfied my RMD for all 3 accounts using only 2 of the accounts. I additionally contributed to a Roth Conversion that has been established for greater ... read more