Medicare Trustees' Report: The Medicare Trustees annual report provides projections for Medicare program costs. For 2026, ...

If you make above a certain income, expect to pay more for Medicare, due to the IRMAA, unless you take steps to lower your ...

If the client’s modified adjusted gross income (MAGI) from two years ago tops a certain threshold, IRMAA kicks in. The current year IRMAA is based on the tax returns and income from two years ...

While a conversion can be the right thing for some retirees, or soon-to-be-retirees, to do finance experts suggest 10 times you should not do a Roth conversion.

IRMAA is based on your Modified Adjusted Gross Income (MAGI) from two years prior. For instance, 2025's IRMAA uses 2023's tax information. Your MAGI includes your adjusted gross income plus tax ...

“That window creates an opportunity to shift assets without pushing into higher tax brackets or triggering IRMAA (Income-Related Monthly Adjustment Amount, for Medicare) surcharges,” he said.

2024 Tax Brackets (Taxes Were Due In April 2025) The 2024 tax year (and the return due in 2025) included these seven federal tax brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Your filing status ...

AUGUSTA, Maine (WMTW) - Maine lawmakers have advanced a bill that would adjust the state’s income tax brackets and tax rates. Currently, the income tax brackets and rates are 5.8%, 6.75 and 7.15%.