Retirement

Social Security

• Do I need to report my Social Security Benefits?
• Are my Social Security Benefits Taxable?
• What is a Lump Sum Payment (SSA-1099)?
• How do I enter my Lump-Sum Social Security Payments?

401K

• Can I take an IRA Deduction for the amount I contributed to a 401(k) plan last year?
• What are the 2021, 2022, 2023 and 2024 401(k) Contribution Limits?
• What is a SIMPLE 401(k)?
• How do I report my Solo (One-Participant) 401(k) contributions?

1099-R/1099-RRB Entry

• QDRO: Qualified Domestic Relations Order
• What is form RRB-1099-R?
• What should I enter for Box 2a, Taxable Amount (Form 1099-R)?
• Should I use the Simplified Method Worksheet to figure my 1099-R's taxable amount?
• How do I complete the Simplified Method Worksheet (1099-R)?
• What do the distribution codes in Box 7 of my 1099-R mean?

See all 11 articles

Traditional IRA

• What gets reported in the IRA/Pension and Social Security Benefits section?
• Can I take an IRA Deduction?
• I was covered by a retirement plan at work. Will this affect the amount of my IRA deduction?
• What are the 2024 IRA Contribution Limits?
• What is a Nondeductible IRA?
• What is a Qualified Plan?

See all 13 articles

Roth IRA

• Pro-Rata rules for Roth conversions (Backdoor Roth)
• How do I complete form 8606 – Nondeductible IRAs?
• What are the income limitations to contribute to a ROTH?
• How do I convert my traditional IRA to a Roth IRA?
• Are my Roth distributions after conversion subject to a penalty?
• What happens when I withdraw my converted Roth funds?

Required Minimum Distributions (RMD)

• What is a Required Minimum Distribution (RMD)?
• How do I calculate the amount to take for my Required Minimum Distribution (RMD)?
• How do I report my Required Minimum Distribution (RMD)?
• When do I have to start taking my Required Minimum Distributions (RMD) from my IRA?
• Tax Year RMD Information

Simplified Employment Pension (SEP)

• Contributions to SEP, SIMPLE and Qualified Plans
• What is a Simplified Employee Pension Plan (SEP)?
• Who can participate in a SEP plan?
• How much can I contribute to an SEP?
• Can I rollover funds into or out of my SEP retirement account?
• What is a SIMPLE IRA?