A retired couple in New Jersey sold a rental property in early 2025 and booked a $40,000 long-term capital gain. They paid ...

The Social Security Administration (SSA) determines a person's income-related monthly adjusted amount (IRMAA) based on their tax information from the Internal Revenue Service (IRS). Medicare ...

Data source: Centers for Medicare and Medicaid Services. If you or your spouse is collecting spousal benefits, the SSA will apply the IRMAA surcharge to each of your benefits if you file a joint tax ...

IRMAA surcharges catch people by surprise. Here's how to calculate your RMDs to minimize how much extra you pay.

IRMAA surcharges often catch people off guard because they show up long after income changes. You might feel confused when ...

Selling a rental in 2024 can reshape your 2026 Medicare bill.

There is an old saying for investors: “Don’t let the tax tail wag the investment dog.” For many years, this was good advice. But in recent years, taxes have become more complex and egregious, to the ...

The Letter That Showed Up Two Years Late A married couple, both about 66 and newly on Medicare, opened their Social Security ...

IRMAA stands for Income-Related Monthly Adjustment Amount, and is a surcharge that higher-income Medicare recipients pay on top of their Medicare Part B (medical insurance) and Part D (prescription ...

IRMAAs are calculated using income from two-year-old tax returns. If your circumstances have changed, you have the right to appeal the amount you're paying. Be prepared to provide the Social Security ...