Talk of The Villages Florida - View Single Post - Tax-free IRA distributions and RMD’s?
Thread: Tax-free IRA distributions and RMD’s?
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Old 07-09-2025, 08:31 AM
Romad Romad is offline
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Quote:
Originally Posted by ton80 View Post
SS Income is NOT Tax Free. There is only a temporary tax deduction of 12 K$ for couples. The deduction expires in 2028. That is where you messed up. The criteria of AGI less than 150k is for the deduction only.
The reason the deduction is temporary is because of Congressional Budget Office scoring. It will be made permanent before they expire.

The deduction is based on Modified Adjusted Gross Income (MAGI), not Adjusted Gross Income. The phaseout for a married couple begins at $150,000 and is fully phased out at $250,000. The phase out is not adjusted for inflation.
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