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 ...

You may also be able to strategically position your income to avoid the IRMAA surcharge altogether. Utilizing full or partial Roth conversions, life insurance policies that have a cash value, health ...

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

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

The IRMAA is a surcharge, derived from a person’s annual income, which Medicare adds to the basic Medicare Part B and Part D premiums. The IRMAA depends on someone’s income bracket and whether ...

The income-related monthly adjustment amount (IRMAA) is a surcharge that Medicare adds to a person's premiums. It relates to their income. Learn more here.

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

Therefore, how much you pay for Medicare premiums, and IRMAA, is determined by your tax returns from two years prior. For instance, your 2024 premiums are based on your 2022 tax return, and so on.

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 ...

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." ...

Medicare IRMAA alone is a great reason to seek out proactive tax-planning guidance in retirement. Late last November, IRMAA notifications were mailed out by the Social Security Administration.

They both enrolled in Medicare at age 65 and have been paying IRMAA every month. Now, both over 70, their business bottomed out in the last couple months and they decided to retire.