Your fact-checks will appear here
Using Qualified Charitable Distributions (QCDs) to lower MAGI and protect the senior deduction and IRMAA bands
The largely preserves traditional AGI‑based caps on charitable deductions (notably the permanent 60% limit for cash gifts to public charities) while making 2025 a strategic year to accelerate giving a...
Required Minimum Distributions ( and therefore raise the Modified Adjusted Gross Income (MAGI) that the uses to determine Medicare IRMAA surcharges, potentially moving beneficiaries into higher for Pa...
Medicare’s IRMAA is driven by the Modified Adjusted Gross Income (MAGI) on a tax return filed two years earlier, so planning in the look‑back years is the lever that meaningfully changes future premiu...
Retirees near the new senior-deduction MAGI thresholds should treat as a controlled, multi-year play: stagger conversions to “fill” low tax brackets without tripping MAGI-based phaseouts and surcharge...
A temporary senior bonus deduction in 2025 provides up to $6,000 (single) or $12,000 (married couple) for taxpayers age 65+, but the benefit phases out as MAGI rises above $75,000 (single) or $150,000...
A small set of practical tax moves can materially reduce provisional income—the calculation (AGI + tax‑exempt interest + 50% of ) that determines whether up to 85% of benefits are taxable—and thereby ...
Roth conversions can shrink the slice of retirement income that counts toward Social Security taxation by replacing future taxable IRA/401(k) withdrawals with tax-free Roth distributions, but the conv...
A new, temporary $6,000 "senior" deduction (up to $12,000 for two qualifying spouses) is available for taxpayers age 65+ for the 2025–2028 tax years, but the full amount is limited by a MAGI-based pha...