Medicare participants with an income above the threshold must pay a surcharge for Medicare Part B and Part D based on their ...

West Virginia is phasing out its tax on Social Security benefits. For 2025 returns (filed in 2026), 65% of benefits will be ...

Discover four smart strategies to lower your 2025 tax bill under the One Big Beautiful Bill Act (OBBBA). Learn how to ...

Cal program restores its prior asset test used to determine eligibility for Medi-Cal benefits, as the rule existed on July 1, 2022.

Q. I am 64 and recently widowed. I plan on working until age 70 before I apply for a Social Security benefit. I currently ...

Discover practical tips for advisors navigating the One Big Beautiful Bill Act (OBBBA), including strategies for temporary ...

Question: I keep seeing references to modified adjusted gross income in stories about federal income tax breaks. What is modified adjusted gross income? Joy Taylor: The IRS and other federal agencies ...

In the realm of retirement planning, the backdoor Roth IRA stands out as a clever strategy for high earners seeking tax-free income during retirement. However, its advantages extend beyond personal ...

A person’s modified adjusted gross income (MAGI) determines whether they pay higher Medicare Part B or Part D premiums. In 2025, this will be based on 2023’s MAGI. In 2026, it will depend on 2024’s ...

Roth IRAs allow your money to grow tax-free and aren't subject to required minimum distributions (RMDs). Traditional IRAs are preferable when tax rates are lower in retirement than they were during ...