Retirees often have to pay income taxes, depending on the source and amount of their retirement income. Most government and private pension payments are taxable, as are withdrawals from 401(k) plans and some annuity paym... More » Business & Finance Taxes Income Tax

Income from common retirement sources such as annuities, pensions, Social Security and tax-deferred accounts is subject to different taxation rates, explains Kiplinger. Some of these incomes are taxed as ordinary income,... More » Business & Finance Financial Planning

Retirees sometimes drastically underestimate life expectancy, fail to plan adequately for health care costs, invest too conservatively in the face of rising inflation, or stop working too soon, explains Rodney Brooks for... More » Business & Finance Financial Planning

Forms required for filing income taxes depend on the source of income and various deductions, but can include forms such as a W-2, 1099-MISC, 1098 and 1095A, according to Bankrate. Statements from stockbrokers, employers... More » Business & Finance Taxes Income Tax

According to H&R Block, pension income is not considered earned income because it is not money a person receives for recent labor they perform; however, the person will still have to pay taxes on pension income and may b... More »

Users enter information into a tax refund calculator about family status, income, expenses and taxes paid to determine the amount of their tax refunds, according to H&R Block. The calculator then determines the amount of... More » Business & Finance Taxes Income Tax

A basic income tax calculator allows users to input their filing statuses, incomes, deductions and credits to estimate taxes for the year. Tax calculators do not account for every situation that affects tax status, so th... More » Business & Finance Taxes Income Tax