In regards to a traditional IRA when does a person pay taxes on the money in the account?

In a traditional IRA, a person pays taxes on the money when they withdraw it, typically during retirement. Contributions to the account are often made with pre-tax dollars, which means taxes are deferred until distributions are taken. Withdrawals are taxed as ordinary income at the individual's current tax rate. Additionally, if withdrawals are made before age 59½, there may be an additional penalty tax.