Retirement

Social Security

• Are my Social Security Benefits Taxable?
• Do I need to report my Social Security Benefits?
• Lump-Sum Social Security Payments

401K

• How do I report my One-Participant 401(k) contributions?
• What are the 2019 and 2020 401(k) Contribution Limits?
• Can I take an IRA Deduction for the amount I contributed to a 401(k) plan last year?
• What is a SIMPLE 401(k)?

1099-R/1099-RRB Entry

• How do I deduct my ministry housing allowance from my retirement income?
• What should I enter for Box 2a, Taxable Amount (Form 1099-R)?
• 1099-R: Should I use the Simplified Method Worksheet to figure my taxable amount?
• The Simplified Method Worksheet and when to use it
• What do the distribution codes in Box 7 of my 1099-R mean?
• How do I report Form 1099-R Box 10?

See all 8 articles

Traditional IRA

• What are the 2020 IRA Contribution Limits?
• What is a SIMPLE IRA?
• What is a Qualified Plan?
• What is a Nondeductible IRA?
• What gets reported in the IRA/Pension and Social Security Benefits section?
• Can I deduct contributions I made to my spouse's IRA?

See all 13 articles

Roth IRA

• What are the income limitations to contribute to a ROTH?
• How do I convert my traditional IRA to a Roth IRA?
• What is a Backdoor Roth IRA?
• How to I report a conversion on my tax return?
• 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 report my Required Minimum Distribution (RMD)?
• When do I have to start taking my Required Minimum Distributions (RMD) from my IRA?
• How do I calculate the amount to take for my Required Minimum Distribution (RMD)?

Simplified Employment Pension (SEP)

• 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?
• Contributions to SEP, SIMPLE and Qualified Plans