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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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

Lump Sum Social security payment for 2024 paid in 2025

I'm trying to figure out how to correctly enter the lump sum payment for 2024 that was paid in 2025. The amount that I'm being told to enter from line 6b of the prior year return is much larger than the amount that Turbo Tax says it should be, by a l... read more

Why does Turbotax calculate my Roth excess contributions, I did contribution limit of 7000 for 2025

Why does Turbotax give me a result that I had Roth excess contributions of 6000, I only did contribution limit of 7000 for 2025. How did the Turbotax calculate the contribution is excess?

Fidelity has not sent Form 5498 yet how can I enter a value on this screen?

what should i put in the boxes if i pay $30.62 a month?

I am not able to find where I enter my SEP IRA contribution

I only see traditional roth and IRA contribution sections

In Form 1099-Q, the recipient is the Taxpayer (husband). The designated beneficiary is the spouse. But TurboTax Online keeps asking to fix "Untitled" in Line D. Any idea?

i got a 1099-b for a certificate of deposit sale, but that is not a choice on the drop down menu. Which option should I choose?

How to enter 1099-R with Distribution code H when values in Box 1 and Box 5 are different

In 2024 my employer began offering the Roth IRA option. I contributed money to both Roth and standard 401-K. Since I'm over 59 1/2, I rolled most of my 401-K (pre-tax and post-tax) to a self-directed IRA. I received a 1099-R showing a distribution of... read more