Great question! First lets talk about social security. The amount of social security that is taxable depends on your total income.
Since you have additional income sources then once your Modified Adjusted Gross Income reaches 32,000 for Married Filing Jointly then a portion of your Social Security income becomes taxable. Both the Social Security and the retirement will be taxed as ordinary income. The tax for your IRA will depend on the type of IRA. What type of IRA do you have?
I hope it helps, please let us know if you have any additional questions.
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