Is money received from a pod account federally taxable?

Yes, money received from a pod (payable on death) account is generally considered taxable income if it exceeds the annual gift tax exclusion amount. However, the beneficiary does not typically owe income tax on the funds received from the account, as they are treated as a direct transfer of assets. It's important to consult a tax professional for specific situations, as tax implications can vary based on individual circumstances.