Question: I'm turning age 73 in 2026. Will my RMDs increase the tax on my Social Security benefits? *— E.R., Chicago, IL*
Answer: Probably. A taxpayer owes tax on Social Security benefits if "provisional income" (PI) exceeds the tax law threshold. Your PI is equal to modified adjusted gross income (MAGI), plus tax-exempt income, plus one-half of your Social Security benefits. Therefore, taxable distributions from IRAs, including required minimum distributions, will increase your MAGI for purposes of this calculation.
Note that RMDs from traditional IRAs are currently required after attaining age 73 (increasing to 75 in 2033).
Tip: The threshold for taxing Social Security benefits remains at only $25,000 of PI for single filers and $34,000 for joint filers.
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