Make money work for you!

  • Home
  • Personal Finance
  • Budgeting
  • Shopping
  • Taxes

10 Types of Retirement Income Tax You Need to Know About

December 22, 2022 · Taxes
car insurance, change, social security checks income
Image By HIV in view From Shutterstock

Those of you who are freshly retired and are constantly planning for the next trips, golf rounds, and entertainment shows, good for you! You have all the right to do so, given that you worked your entire life for this moment!

However, lots of seniors forget to take into consideration an important aspect: the cumulative impact of all the federal and state income taxes on withdrawals from their own nest eggs. The way retirement income is taxed is a very important aspect, so forgetting about it is nothing but a faulty mistake.

The U.S. tax laws believe that most forms of retirement income are fair game, such as Social Security benefits, pensions, and withdrawals from your 401(k)s and the traditional IRAs. Of course, if you live in a state with no income tax, you should expect your home state to ding you after retiring, too. Here’s what federal income taxes will be like, depending on 12 common sources of retirement income.

Pages: 1 2 3 4 5 6 7 8

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • A happy couple shopping with a full cart at a warehouse club in 2026. Top 10 Sam's Club Deals You Can't Ignore in 2026
  • A couple shopping for high-end deals at a modern warehouse store. 12 Costco Deals Shoppers Are Jumping on for 2026
  • A high-end desk setup with a Social Security card and a gold pen, representing presidential financial benefits. Is Trump on Social Security? A Look at Presidential Benefits
  • A person thoughtfully choosing a card from their wallet at a checkout counter. 5 Places to Avoid Using Your Debit Card and 3 Safe Spots
  • A mature couple looking at a tablet together on a sunny patio, appearing confident about their financial future. Married or Divorced? Don't Miss This Social Security Tip That Could Increase Your Checks
  • A confident woman working on her taxes at a bright, organized home office desk. IRS Alert: 6 Mistakes That Could Inflate Your Tax Bill
  • A woman looks thoughtfully at a tablet in a modern kitchen, representing financial planning for rising costs. Unfortunately, We'll Pay More for These 6 Things in 2026
  • A woman smiling at her phone in a bright living room with a delivery package on the table. The Best Amazon Prime Perks You Should Be Using in 2026
  • A woman smiling at her phone in a bright kitchen, representing the relief of receiving a tax refund. When Will Your 2026 Tax Refund Arrive? IRS Timeline Explained
  • A shopper looking at a grocery checkout screen with the New York City skyline in the background. 10 US Cities Where Grocery Prices Are Highest in 2026

Newsletter

Get money-saving tips and personal finance advice delivered to your inbox.

Related Articles

Are You a Homeowner? Here Are 5 Trump Tax Bill Changes That Could Affect You

Trump’s 2025 Tax Overhaul: What Every Homeowner Needs to Know About Deductions, Mortgage Interest, and…

Read More →
tax breaks for homeowners

7 Tax Breaks for Homeowners and Home Buyers

Owning a home is a key part of the American Dream. Whether you fancy a…

Read More →
retirement

10 Ways to Cut Down on Taxes in Retirement

Retirement is meant to be easy, but with inflation rising, the overall situation is more…

Read More →
stealth

7 Stealth Taxes that Can Destroy Your Retirement

The whole purpose of retirement income planning is to optimize your retirement funds as much…

Read More →
experts stealth

Can’t Pay Your Taxes? Experts Shared 3 Solutions for You

A person writes in a notebook, outlining a strategic plan to manage tax debt and…

Read More →
A woman smiling at her phone in a bright kitchen, representing the relief of receiving a tax refund.

When Will Your 2026 Tax Refund Arrive? IRS Timeline Explained

Wondering when your 2026 tax refund will arrive? Check our estimated IRS schedule, learn about…

Read More →
A confident woman working on her taxes at a bright, organized home office desk.

IRS Alert: 6 Mistakes That Could Inflate Your Tax Bill

Tax season 2026 is here with new laws and higher deductions. Avoid these 6 costly…

Read More →
A person reviewing tax documents on a laptop in a bright, modern home office.

Tax Season Warning: How IRS Budget Cuts May Affect Your Refund

The 2026 tax season faces new challenges from IRS budget cuts. Discover how funding changes…

Read More →

Warning: 9 Reasons The IRS Can Audit You Anytime

Whenever it’s about taxes, I cross my fingers and hope everything will turn out fine.…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Explore

  • Subscribe
  • Unsubscribe
  • Newsletter
  • Terms and Conditions
  • Do not sell my personal information
  • Privacy Policy
  • Contact

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.