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Practitioners interviewed in trade coverage repeatedly advise that the dominant year-end strategy is to lower MAGI for the calendar year
The new 2025 “senior” deduction is a temporary, additional $6,000 deduction for taxpayers age 65+ (up to $12,000 for two spouses) that begins to phase out once modified adjusted gross income (MAGI) ex...
Modified adjusted gross income (MAGI) and household size jointly determine both eligibility for and the dollar amount of the Premium Tax Credit (PTC): MAGI places a household at a percentage of the Fe...
Municipal bond interest — though often tax-exempt for federal income tax — is added back into the Medicare-specific Modified Adjusted Gross Income (MAGI) calculation that determines IRMAA, meaning mun...
A small, one‑time income spike can trigger IRMAA’s “cliff” and raise Medicare Part B and Part D premiums for a full year, so advisers focus on reducing or re‑timing Modified Adjusted Gross Income (MAG...