{
  "id": 4569558,
  "title": "A Single Retiree Can Pull About $23,000 From an IRA This Year and Owe $0 Federal Tax. Most Take Nothing and Let the Bracket Go to Waste.",
  "url": "https://urgent.news/2026/08/29/a-single-retiree-can-pull-about-23-000-from-an-ira-this-year-and-owe",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-29T17:22:38.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/currencies/articles/single-retiree-pull-23-000-172238487.html"
  },
  "original_language": "en",
  "account": "Single retirees aged 65 and above can withdraw up to $23,000 from their traditional IRA in 2026 without incurring any federal income tax, according to IRS guidelines. This deduction is made possible by stacking three layers of tax benefits: the standard deduction, an additional senior deduction, and an income phase-out. However, this tax-free window closes on December 31st and does not roll over to the following year. Most retirees who have access to this deduction space often leave it unused, allowing the tax-free room to go to waste. The $23,000 figure is derived from the standard deduction, a senior deduction, and an income phase-out. If the IRA withdrawal is the only taxable income for the retiree in a given year, Social Security benefits, pensions, or other income sources can push the total taxable income over the $23,000 limit, making the zero-tax benefit ineffective. This deduction is a household-level calculation and not an IRA-level one, meaning that retirees with alternative sources of income may choose not to utilize their IRA at all. The $23,000 tax-free room expires at the start of the following year, and deductions do not roll forward. For retirees looking to take advantage of this tax-free opportunity, a Roth conversion can be a smart alternative to converting money from a traditional IRA to a Roth IRA, where it grows tax-free. However, the availability of this deduction depends on individual income situations, as factors such as Social Security benefits, pensions, or other income sources can impact the tax-free status of IRA withdrawals.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}