This question is about average retirement income.

Is retirement income taxable?

By Zippia Team - Sep. 1, 2023

Retirement income is fully or partially taxable, depending on the state. For example, California exempts Social Security from taxation, but has very high taxes for other sources of retirement income.

On the federal level, retirees owe federal income tax at a regular rate over time when receiving money from pension annuities and periodic payments.

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