IRA Withdrawals: Couples Can Withdraw $46,700 Tax-Free in 2026

Couples aged 65 and older can withdraw approximately $46,700 from a traditional IRA in 2026 without owing federal income tax, thanks to a combination of the standard deduction and senior bonus deduction. This figure is the result of a base standard deduction of $32,200 for married filing jointly, an additional standard deduction, and a $12,000 senior bonus deduction, applicable from 2025 to 2028. Many retirees do not utilize this tax-free space, risking larger distributions in future years as required minimum distributions (RMDs) are enforced at age 73. Understanding these tax benefits can aid in effective retirement planning and help avoid unnecessary tax liabilities later.