About 8% of enrollees earn enough income to be subject to a surcharge that is added to their Medicare premiums. It’s called ...

One tax expert says a proposed $4,000 bonus deduction is a 'far cry from the savings' that many would see with no taxes on ...

Learn how to appeal Medicare’s IRMAA surcharges and manage income-related adjustments to avoid unexpected costs.

A retiree’s ability to exert some control over their taxes is increased when their portfolio includes accounts with different ...

A recent Gallup study showed that 40% of Americans don't have retirement savings. Financial experts weighed in to offer ...

HSAs will gain increased flexibility and higher contribution limits, making HDHPs an even more attractive choice for federal ...

Ok, you’re feeling pretty good about your long-term savings habit and now have a rather decent IRA balance.  You’re turning 73 or already 73 or older.  Now Congress setup a […] ...

The difficulty of getting money into a Roth account frustrated me for several years until I heard about something called the “mega backdoor Roth conversion.” ...

Your Part B premium depends on your modified adjusted gross income on your tax return from the previous year. If you made less than or equal to $103,000 filing individually or less than or equal ...

The income referred to here is your “modified adjusted gross income,” or MAGI. (Google that if you want to learn more about what MAGI is.) If your MAGI is $206,000 or less, your premium is ...

Income restrictions. You become ineligible if your modified adjusted gross income (MAGI) exceeds $161,000 for single tax filers (or $165,000 in 2025) and $240,000 for married filing jointly ($ ...