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The calculation of Medicare Part B and Part D premiums based on MAGI.
The ACA’s Modified Adjusted Gross Income (MAGI) for premium tax credit (PTC) purposes starts with a taxpayer’s adjusted gross income (AGI) and then adds back only three specific untaxed items: untaxed...
Roth conversions count as taxable income in the year of the conversion and therefore can push a beneficiary’s modified adjusted gross income (MAGI) above IRMAA thresholds, triggering higher Medicare P...
Yes — withdrawals that are truly tax-free generally do not raise the MAGI figure the Social Security Administration (SSA) uses to calculate IRMAA, while taxable distributions from traditional retireme...
Filing an amended federal return can change the modified adjusted gross income (MAGI) the used to set an Income‑Related Monthly Adjustment Amount (), but it does not automatically change premiums; ben...
Form SSA‑44 is the Social Security Administration’s route to ask for a mid‑year IRMAA (income‑related Medicare premium) reduction when a life‑changing event such as loss of pension income reduces modi...
The most effective, broadly supported way to shelter income from IRMAA is to reduce Modified Adjusted Gross Income (MAGI) in the tax year the Social Security Administration will look at (two years bef...