TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Question

If I turned the minimum age requirement this year, do I pay tax on my income all year?

Forum|Forum|11 months ago
April 19, 2025
1 reply
0 views

How much of my retirement income is taxable since turned the minimum age requirement this year?

Your age doesn't matter. All your income taxable. Are you asking about the RMD Required Minimum Distribution? When you turn 73 you have to start taking the RMD from your IRA and 401K accounts. You will get a 1099R at the end of year for each one.

Are you asking about Social Security? At any age up to 85% of Social Security becomes taxable when all your other income plus 1/2 your social security, reaches:

Married Filing Jointly: $32,000

Single or head of household: $25,000

Married Filing Separately: 0

Or are you asking about a state return?

unlike before and after age 59 1/2, there is no special rule for withdrawal after age 72 and before age 73.