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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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 does turbox tax calculate the required rmd on an ira

How can i correct turbotax calculation of rmd on an ira

Wrong RMD withdrawal totals leads to a penalty

I put in two separate 1099-Rs withdrawals that covered both the April 1 and the Dec 31 RMDs, but the program calculates a 5K penalty for "Tax on excess accumulations in retirement accounts. " Does anyone know how to fix this problem?

How do you get to the completion of the questions if it keeps asking for box 15 form 1099 R in two different locations?

What if I don't want my state tax return done by you?

Help, turbotax does not seem to be correctly calculating my medicare tax amount and I will pay $2,100 more in taxes

Bug in 1099-R processing

I completed rollovers from an employer's retirement account to a Roth IRA and to a traditional IRA. The 1099-R listed a "taxable amount" in box 2a (the Roth rollover) and a gross distribution in my case of about 10x that amount, a traditional IRA rol... read more