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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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 don't understand the RMD aspect for my wife's retirement account. Where do I find this information? I've never had this question before.

How can I figure out the RMD of my wife's retirement account?

1099R where to input

1099R where to post

do IRS contributions include 401k contributions ?

does this mean additional 401k contributions made by me , or does it mean what I've elected to take out of my paycheck ?

Did anyone else receive 2 RMD payments in 2025 and how did you fill out the RMD due on December 31, 2025?

One payment was received on February 20th and the other was received on December 26.

Pension money from work, 1099-R for disability or retirement, is what kind of distribution from? Not eligible for exclusion for those over 59 1/2 or none of the above?

Live in NY, worked in NY but not US Government or NY State or City Education.

Can't enter Social Security Income Form SSA-1099

I'm using Turbo Tax Deluxe (Desktop). When I go to enter my Social Security Income (Form SSA-1099) for both me and my wife, it asks me if we lived abroad and I answered No for both me and my wife. When I continue, I get a Canadian Retirement Summary ... read more

My cost basis on call/put option shows zero "0" on 1099 B, how should I enter for reporting purposes on turbo tax ?

I am trying to deduct the tips listed in box 7 of my W-2. I am a candy store cashier so my industry isn't listed. Am I ineligible or should I choose Restaurant Host?

1099R

I imported a gross distribution from my 401K but it doesn't show that I rolled $6,000 back into the same IRA within 60 days. How do I fix the correct distribution amount. Does TurboTax ask me if I rolled some of this distribution back?