Retirement Literacy Foundation · 501(c)(3)

The 2026 Retirement Income & Tax Sheet

The numbers that decide what you actually keep. One page. No products, no pitch.

1. When Social Security becomes taxable

Based on provisional income = adjusted gross income + tax-exempt interest + half of your Social Security. These thresholds are not indexed to inflation — they have not moved since 1984 and 1993.

Filing status0% of benefits taxableUp to 50% taxableUp to 85% taxable
SingleUnder $25,000$25,000 – $34,000Over $34,000
Married filing jointlyUnder $32,000$32,000 – $44,000Over $44,000
Why this bites: because the thresholds never rise, every year more retirees cross them. "85% taxable" does not mean an 85% tax — it means up to 85% of your benefit gets added to taxable income.

2. 2026 IRMAA — the Medicare cliff

Your 2026 Medicare premium is set by your 2024 tax return. One dollar over a line moves you to the next tier for the entire year. Monthly, per person.

2024 MAGI — Single2024 MAGI — Married filing jointlyPart B / moPart D surcharge
Up to $106,000Up to $212,000$202.90
$106,001 – $133,000$212,001 – $266,000$284.00+$13.70
$133,001 – $167,000$266,001 – $334,000$405.80+$35.50
$167,001 – $200,000$334,001 – $400,000$527.50+$57.30
$200,001 – $500,000$400,001 – $750,000$649.30+$79.10
Over $500,000Over $750,000$690.90+$85.80
The cliff: crossing the first line costs a couple roughly $1,900 a year in extra premiums for both spouses combined. A Roth conversion, a capital gain, or an RMD can push you over it without warning.

3. 2026 federal tax brackets & standard deduction

RateSingle — taxable income up toMarried filing jointly — up to
10%$12,400$24,800
12%$50,400$100,800
22%$105,700$211,400
24%$201,775$403,550
32%$256,225$512,450
35%$640,600$768,700
37%Above $640,600Above $768,700
Standard deduction 2026SingleMarried filing jointly
Base$16,100$32,200
Additional, age 65+ (each)+$2,050+$1,650 each

4. RMDs — Uniform Lifetime Table

Required minimum distributions begin at age 73. Divide your Dec 31 prior-year balance by the divisor for your age.

AgeDivisorAgeDivisorAgeDivisorAgeDivisor
7326.57921.18516.09111.5
7425.58020.28615.29210.8
7524.68119.48714.49310.1
7623.78218.58813.7949.5
7722.98317.78912.9958.9
7822.08416.89012.2968.4
Worked example: $500,000 balance at age 73 → $500,000 ÷ 26.5 = $18,868 that must come out and be taxed, whether you need it or not.

5. Inherited IRAs — the 10-year rule

For most non-spouse beneficiaries who inherited after 2019, the SECURE Act replaced the "stretch" IRA.

Who inheritsWhat they must do
Surviving spouseMay treat it as their own, or stay a beneficiary. Stretch still available.
Minor child of the ownerStretch until majority, then the 10-year clock starts.
Disabled or chronically illStretch over life expectancy.
Within 10 years of owner's ageStretch over life expectancy.
Everyone else (adult children)Account must be emptied within 10 years. Annual RMDs may also apply.
Why it matters: ten years of forced withdrawals usually land in your child's peak earning years, often at a higher bracket than you would ever have paid.

6. The order these interact

This is the part most people miss. One decision moves all four.

If you do this…It raises…Which can trigger…
Take an RMDAGI and provisional incomeMore SS taxed + IRMAA tier
Do a Roth conversionAGI in the year you convertIRMAA two years later
Sell an appreciated assetAGI via capital gainIRMAA + more SS taxed
Use a QCD (age 70½+)Nothing — it bypasses AGISatisfies RMD without the tax