Are you over 59-1/2 and having a low-income year?

If yes, you may be able to take an IRA distribution without any tax.

Even if you do file a return, but your taxable income is negative due to deductions and exemptions, you can also take a tax-free IRA distribution.

Share this article...

Want tax & accounting tips and insights?

Sign up for our newsletter.

I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the and .
Let Wastvedt and Company, Inc. remove your tax & accounting stress today.
Contact us to learn more.
Wastvedt and Company, Inc. We love to chat!
Please feel free to use the contact button or use our Ai powered chat assistant.
Please fill out the form and our team will get back to you shortly The form was sent successfully