Retired couples aged 65 and older in the US can withdraw approximately $46,700 from a traditional IRA in 2026 without owing federal income tax, or convert the same amount to a Roth IRA tax-free. This is due to a combination of standard deductions and a new $6,000 senior bonus deduction per qualifying person, available from 2025 through 2028. However, most retirees reportedly do not fully utilize this tax-free opportunity, often by delaying withdrawals until required minimum distributions (RMDs) begin at age 73, which can push them into higher tax brackets later.