The new law, called the "One Big Beautiful Bill Act" (OBBBA), doesn't change the basic rules for taking money out of your 401(k) or IRA. You will still have to pay regular income tax on those withdrawals.
However, the bill does offer a new, temporary $6,000 tax deduction for people age 65 and older. This extra deduction could lower your total taxable income, which might mean you pay less tax on the money you withdraw from your retirement accounts.
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