The Social Security Fairness Act could raise your MAGI and trigger IRMAA in 2026–27. Plan now: manage taxable income, file ...

Your successful retirement savings could backfire when Medicare bills arrive. The IRMAA surcharge will trap 8.6 million ...

When it comes to Medicare, premiums don’t always stop at the standard rate. If your income exceeds certain thresholds, you ...

A spike in income could result in costly IRMAA charges on your Medicare premiums. We ask financial planning experts for ...

For the more than 65 million Americans who depend on Medicare, 2025 will bring noticeable changes to their healthcare bills. The Centers for Medicare & Medicaid Services (CMS) ha ...

The amount of your IRMAA then increases incrementally depending on how much more you earn above the threshold. For example, single filers with AGIs between $97,000 and $123,000 pay an IRMAA of $12 ...

Meet IRMAA. This is not a senior’s dating site, but every senior on Medicare should be intimately familiar with IRMAA — the initials that stand for "income-related monthly adjustment amount." ...

IRMAA surcharges—which first appeared in 2007 as part of the Medicare Prescription Drug, Improvement, and Modernization Act of 2003—kick in for 2024 when clients hit just $103,000 of annual ...

IRMAA applies here too. If your income is above $97,000 filing individually or $194,000 married filing jointly, you’ll pay an extra amount on top of your plan premium.

In the latest installment of Ask Bob, one reader sent in the following two inquiries: Question No. 1: Firm A calculated my IRA’s required minimum distribution (RMD) for 2024 to be $2,000. I ...

In 2024, the IRMAA for single taxpayers with incomes greater than $103,000 and less than or equal to $129,000 (between $206,000 and $258,000 for joint returns) will be $69.90 for Part B and $12.90 ...

Sale of Residence IRMAA Planning As an example, let’s suppose you’re married, are considering selling your home in 2022 for $1.5 million, and will have a taxable gain of $600,000 after using ...