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New Member
posted Jun 4, 2019 7:22:08 PM

I am age 62. i get a retirement check each month which totals 20,000. must i pay tax on that amount because of my age?

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1 Best answer
Level 15
Jun 4, 2019 7:22:09 PM

In most cases retirement funds are taxable regardless of age. If you made post tax contributions some part of the payments may not be taxable. 

2 Replies
Level 15
Jun 4, 2019 7:22:09 PM

In most cases retirement funds are taxable regardless of age. If you made post tax contributions some part of the payments may not be taxable. 

Alumni
Jun 4, 2019 7:22:12 PM

Age is not a factor. Your income is equally taxable no matter what your age is.