A Retired Couple Pulling $150,000 From a 401(k) in 2026 Keeps the Full $12,000 Senior Deduction. At $170,000 They've Lost $2,400 of It
Gerelyn Terzo's 247wallst.com article explains how the One, Big, Beautiful Bill's $6,000-per-spouse senior deduction, which phases out above $150,000 of joint MAGI through 2028, applies to each spouse separately, so a retired couple withdrawing $170,000 from a traditional 401(k) in 2026 loses $2,400 of the deduction. Working through a couple's example, it recommends splitting large withdrawals across calendar years to keep the full deduction.
