Modified adjusted gross income (MAGI) is often used by the IRS and other federal agencies to determine your eligibility for ...

MAGI is your adjusted gross income. It determines whether you qualify for specific benefits. And with Medicare, it determines whether you will pay higher Part B and Part D premiums. If you have a ...

For most beneficiaries, the government pays a substantial portion — about 75% — of the Part B premium, and the beneficiary ...

Higher-income earners who get sticker shock from the surcharges on their monthly Medicare premiums should make sure they’re delving into strategies to reduce the fees, according to advisors. The ...

Single filers and those with other filing statuses have lower thresholds. Each year, Medicare adjusts these brackets for inflation, so plan for annual changes. Even a modest IRMAA surcharge can ...

Many people are surprised when they find that the cost of their monthly Medicare premium has increased because of an increase in their modified adjusted gross income. The increase in cost can be ...

Because Medicare premiums are tied to income, converting a $235,000 retirement account to a Roth IRA has the potential to cause Medicare Part B premiums to increase. For many taxpayers, in fact, a ...