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 ...

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 ...

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

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 ...

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 ...

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." ...

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 ...

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.

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 ...

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.