What Is the Federal Income Tax Rate on a Retirement Pension? | Sapling
sapling.com
What Is the Federal Income Tax Rate on a Retirement Pension? | Sapling
The federal tax rate on pensions is the ordinary income tax rate, although not all pension distributions are taxable. If you contributed post-tax dollars to the pension, you will not be taxed on those amounts. The same is true for other retirement accounts such as IRAs and 401(k) accounts.
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