Do I Have to Pay Taxes on Survivors Benefts?
According to the Social Security Administration, taxes may have to be paid on social security benefits, depending on your benefits, income level and tax filing status. As of May 2010, the SSA noted that less than 1/3 of social security recipients pay taxes on their benefits.
Whether your IRA withdrawal is taxable depends on whether it is a traditional or Roth IRA. Withdrawals from a traditional IRA are taxable, unlike a Roth IRA. However, withdrawals before age 59 ½ are subject to a penalty.
Please see also: