Posts on Jan 1970

Direct donations from your IRA

If you are over 70 1/2 years of age you have a Required Minimum Distribution from your Traditional IRA. If you are giving to charity anyway, why not consider giving directly from your IRA. Why? This keeps your Modified Adjusted Gross Income down which keeps it out of the calculation for higher Medicare premiums, it […]

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Medicare Premiums for Higher-Income Beneficiaries

Social security uses the most recent federal tax return. So for 2017 they likely are using the 2015 tax return. They look at your Adjusted Gross Income plus Tax-exempt Interest Income. They call this your MAGI. If you file Joint then if MAGI is over $170,000, you will pay a higher Medicare Part B and […]

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