Many questions can arise about income taxes after retirement. Listed are answers to just a few common questions from retired taxpayers.
What types of income are taxable?
Some common types of taxable income include all or part of pension and retirement account income, gambling income, and alimony or prizes.
What types of income are non-taxable?
A few examples of non-taxable income include veterans’ benefits, disability pay for specific military or government-related incidents, workers’ compensation, and cash rebates from a dealer or manufacturer of an item you have purchased.
Why is my pension taxed?
It may depend on how the money was put into the pension. For example, if the money was not taxed before going into the plan, it may be taxable. Conversely, if your contribution is from already-taxed dollars, that portion of the pension may not be taxed.
This information is not a substitute for individualized tax advice. Please consult with a qualified tax professional to discuss your specific tax issues.
Tip adapted from IRS.gov8
Footnotes And Sources
8. IRS.gov, August 18, 2025
