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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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 obtain a CSA-1099-R? Is it necessary?

Where is form for 1099?

SSA-1099 forms disappeared

I have home & business 2025. I entered the data from our SSA-1099 some time ago but now when I select update on Social Security (SSA-1099, RRB-1099) I get the first panel asking if we lived abroad (we both answer no) and press continue and it as thou... read more

Back door Roth Question

In March 2026, I did a late Backdoor Roth contribution and need to know if I need to report it on my 2025 taxes. If so, how do I do that if I didn't receive a 1099-R? I used my brokerage account to make the contribution first to a traditional IRA and... read more

I want to report a digital asset transaction for which I did not get a 1099-DA. How do I do this?

Currently, TurboTax only give me the option to enter the 1099-DA section (where I enter details from that form) once I select digital asset.

Colorado tax exemption amount for military retired pay for age over 55

State taxes portion deducts 20,000 from my retired military pay. I'm over age 55, shouldn't it be $24,000.

This answer has been verified for accuracy by an Intuit expert employee Can non-taxible Medicaid waiver income be used for deductible Traditional IRA contributions?

I am retired (age 70). I have no wage income in 2025, but my spouse had over $16000 and we are filing jointly. However, my spouse's income came from the state for care-giving of our special-needs child. As such, it is largely not federally taxable. O... read more

can anyone tell me how to get to that payment plan page. the taxes were broken down and payable in installements

can someone please call me

My social security is valid for employment and turbotax is saying it is not.

My SSN matches my card and on my W2 from both my employers, still saying not valid.

Excess 2025 Roth IRA Contribution - What to do?

TurboTax is telling me that I contributed too much to my Roth IRA since as a freelancer my taxable income was lower than what I put into my Roth IRA account in 2025. Can I request the financial institution return the excess amount plus/minus gains/lo... read more