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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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

review of pension info asks 3 questions when did it start? How many months in 2025? and what part was nontaxable?

How do I end review ofanuity info?

Where do I enter the prior year distribution amounts for form 8915F?

The software is not calculating taxes correctly and is leaving blanks on this form.

After facilitating a traditional IRA excess contribution removal, how do I properly document this on my '25 taxes? I recovered the funds into a standard brokerage account

Traditional IRA contribution was discovered to be non-tax deductible after preparing my taxes. Filed a Return of Excess Contribution, now unclear on how to properly document these activities in my tax paperwork

The retirement plan includes medical insurance and the monthly pension money, is that a qualified plan or non-qualified plan?

Which plan is it qualified or non-qualified?

NJ tax counting IRA roll over as taxable

My husband passed away in Nov. 2024. His two IRA's were rolled over into mine. Everything worked find on the Federal return, but NJ included these amounts as income. I had to change the view to "Forms" then scroll down and saw that a second roll over... read more

Box 12 code TT is not available in the drop down menu. What do I do?

how do i file form 4852 to replace an incorrect 1099-r

this doesn't work • TurboTax Desktop: • Go to Federal Taxes. • Go to Wages & Income. • Under Wages and Salaries, select Start or Update next to Wages and Salaries. 3. Fill out your W-2 using the information from your last pay stub. 4. Answer any ques... read more

Excess Roth IRA Contribution Reported as Removed by Tax Filing Deadline When Actually It Did Not Get Withdrawn Until After Filing

Need some help on how to rectify the situation I find myself in:1. March 25 - made a $5100 prior year (2024) contribution to my Roth IRA2. April 25 - prepared tax return, realized I had exceeded the Roth IRA contribution MAGI limit, and requested my ... read more