It’s important understand how your different sources of income will be taxed during your retirement years. For most people, they will have at least two different sources of income in retirement and for many three or more.
Retirement can affect someone’s tax situation. Anyone who has retired recently — or who plans to retire soon — can visit IRS.gov for information that can help them prepare for filing their taxes next year.
Here are some tools and resources for retirees, all available on IRS.gov:
- Individual Retirement Arrangement FAQs – Withdrawals
- Publication 915, Social Security and Equivalent Railroad Retirement Benefits
- Interactive Tax Assistant: Are My Social Security or Railroad Retirement Tier I Benefits Taxable?
- Publication 575, Pension and Annuity Income
- Publication 590-B, Distributions from Individual Retirement Arrangements
- Retirement Topics: Required Minimum Distributions
- Publication 721, Tax Guide to U.S. Civil Service Retirement Benefits
- Retirement Savings Contributions Credit (Saver’s Credit)
