Tag: Medicare
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The Hidden Retirement Tax: Your Guide to IRMAA
by Clint Kraft
When people picture taxes in retirement, they think about income taxes, capital gains, or maybe required minimum distributions. What almost no one sees coming is IRMAA: the Income-Related Monthly Adjustment Amount. This quiet surcharge can start to jack up your Medicare premiums once your income passes certain levels. IRMAA isn’t technically a tax, but it…