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

The IRMAA surcharge may impact millions more Medicare retirees, making it important to understand and manage its financial ...

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

In 2026, Medicare participants will pay more for their health care. Part B costs are expected to rise more than 10%. Here's ...

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 ...

Medicare Part B premiums may jump 11.6% in 2026 to $206.50, impacting Social Security benefits. Here's what seniors need to ...

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 ...

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 ...

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 ...

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.

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 ...