Retirement Tax Tips and Answers | TurboTax® Support

Retirement tax questions

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

Subject: Backdoor IRA. I accidentally put $100 directly in Roth instead of traditional. I recharacterized it to a traditional, then converted back to Roth. How to report?

Contributed additional $6900 to complete the $7,000, but my 5498 form now shows: 1. 6900 (Contribution) 4. 99.54 ($100 recharacterized minus loss) 5. 0.02 (Fair market) Do I report that I contributed $7,000 to Traditional IRA and then convert to Roth... read more

In Oregon, do total medical expenses include Medicare Part B premiums deducted by Social Security?

Can I claim Medicare Part B premiums as medical expenses? I don't see this mentioned anywhere.

I like to estimate my taxes for 2025 in order to see if I have room for Roth IRA conversion

is there a form to estimate my 2025 taxes now

My primary income is social security. My question is - would I be eligible to file taxes next year if I start paying my school loans this year?

I am currently not working; the time has come to start paying off my school loans. Could I file taxes next year because I’m paying school loans?

Reporting W2 Earnings Non-qualified Pension Plan

TurboTax 2022 is reporting my W2 non-qualified pension distribution as Other Income, line 8, on my 1040 instead of, line 1, Wages as in all previous years. The amount is the same in all years & all the reporting information is the same. Each year I h... read more

Is SSA income taxable?

How can I get my grandson social security number

His mom refused to give us his social security number

Withholding

I retired in Sept 2024 (63 yo) and started pension. I started receiving SS in June 2025. To date I have not had any withholding from either of these sources. My wife retired from her job July 2025 and had Fed taxes withheld. Ideally would like to fin... read more

Taxable amount for line 5b in Federal 1040 for 2024

TurboTax desktop is not correctly calculating the taxable amount in line 5b of the Federal 1040. I have checked all of my 1099-R forms and come up with a different amount for line 5b. My calculation for line 5b is $176,852.35. TurboTax comes up with ... read more

I will not have an W-2 only 4 to 5 1099's. such as unemployment, social security and 401K deduction. I want to deduct my home property taxes. Which Turbotax to - Deluxe?

With no W-2, but with 1099's can I still use the desktop Turbo-tax Deluxe version accurately this coming tax season?

Its deductible

Why is the valuable It’s deductible tool being discontinued?

hhow do i fil out schedule c if i did not work but got termination payfrm mym previous sales

Previous employer mistakenly contributed to 401k after my retirement

I retired in 2024 and do not work any more. In March of 2025 my previous employer made a contribution to my 401k. I think it was done by mistake. What should I do now? The brokerage will be reporting the contribution to IRS I think. How can I handle ... read more