As you transition into retirement, your financial landscape can shift dramatically. For some, gone are the days of a W-2 and relatively straightforward tax returns. Retirement brings a complex mix of income sources, each with tax implications. Social Security, retirement account withdrawals, pensions, and investment income all play by different rules in the eyes of the IRS.
One of the most significant changes? How your hard-earned money gets taxed. And it only complicates matters that tax policy is undergoing notable changes in 2025 at both federal and state levels, with potentially significant implications for retirees.
