{"id":553266,"date":"2026-03-30T00:38:15","date_gmt":"2026-03-30T00:38:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/553266\/"},"modified":"2026-03-30T00:38:15","modified_gmt":"2026-03-30T00:38:15","slug":"3-retirement-tax-rules-that-changed-recently-and-who-needs-to-pay-attention-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/553266\/","title":{"rendered":"3 Retirement Tax Rules That Changed Recently \u2014 and Who Needs To Pay Attention"},"content":{"rendered":"

\"PeopleImages<\/p>\n

PeopleImages \/ iStock\/Getty Images<\/p>\n

If you\u2019re planning for retirement in 2026, you could be in for surprises with your taxes.<\/p>\n

Find Out: How Boomers Can Claim a $6,000 Extra Deduction This Year<\/a><\/p>\n

Read Next: 5 Low-Effort Ways To Make Passive Income (You Can Start This Week)<\/a><\/p>\n

Several recent federal policy changes could create new opportunities to lower your tax bill<\/a>, while others could increase it if you\u2019re not careful. Here\u2019s what changed and who should pay close attention<\/a>.<\/p>\n

A $6,000 Senior Bonus Deduction<\/p>\n

\u201cBeginning in the 2025 tax year through 2028, people 65 and older can claim an extra $6,000 deduction per person on top of the standard deduction,\u201d said Steve Sexton, CEO of Sexton Advisory Group<\/a>. \u201cFor married couples, they get $12,000,\u201d<\/p>\n

However, the deduction phases out if modified adjusted gross income is more than $75,000 for single filers and $150,000 for couples.<\/p>\n

\u201cIf you\u2019re 65 or older, the new additional deduction matters to you immediately. It can reduce taxable income in retirement<\/a>, especially in years when you\u2019re managing withdrawals or doing Roth conversions,\u201d Sexton said.<\/p>\n

Check Out: What 2026 Senior Tax Deduction Means for Social Security and Retirement Planning<\/a><\/p>\n

Increased RMD Age<\/p>\n

The required minimum distribution (RMD) age recently changed to 73, giving seniors more time before they must start withdrawing from tax-deferred accounts, like a traditional IRA and 401(k), SEP IRA<\/a>, and SIMPLE IRA.<\/p>\n

Delaying withdrawals can lower your taxable income in early retirement, but Gene Bott, CPA, tax advisor at Tax Hive<\/a>, warned of the consequences. \u201cAn unexpected increase can raise your taxes more than you might expect. For example, higher distributions could push you from being taxed on 50% of your Social Security benefits to being taxed on 85%,\u201d Bott said.<\/p>\n

Additionally, the penalty for missing an RMD has also been reduced to 25% from 50%, and \u201cRoth 401(k)s no longer require lifetime distributions from the original owner, meaning people will now have more flexibility in how they structure income on their taxes,\u201d Sexton said.<\/p>\n

Super Catch-Up Contributions<\/p>\n

Beginning in 2025, those ages 60 to 63 can make higher super catch-up contributions<\/a>. Instead of the standard $7,500 for 2025, you can now contribute up to $11,250 extra. \u201cThis marks a solid real opportunity for people who are in their peak earning years and want to make up for lost time,\u201d Sexton said.<\/p>\n

However, high earners need to pay attention. \u201cIf your income exceeds around $150,000 (adjusted for inflation), you may not be able to make these contributions as pretax contributions, but may be restricted to Roth contributions,\u201d Bott said. This could potentially impact your taxes down the road.<\/p>\n

More From GoBankingRates<\/p>\n

This article originally appeared on GOBankingRates.com<\/a>: 3 Retirement Tax Rules That Changed Recently \u2014 and Who Needs To Pay Attention<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"PeopleImages \/ iStock\/Getty Images If you\u2019re planning for retirement in 2026, you could be in for surprises with…\n","protected":false},"author":2,"featured_media":538991,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[28,147,530,156,45864],"class_list":["post-553266","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-personal-finance","tag-personalfinance","tag-steve-sexton","tag-taxable-income"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/553266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=553266"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/553266\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/538991"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=553266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=553266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=553266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}