haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Medicare Part B Premium means testing started in 2007. Surcharges phase in over next few years. It appears that surcharges will depend on some form of AGI, perhaps adjusted by adding back non-taxable interest.
Dynamite waiting to blow up anyone sitting on large capital gains, or hoping to do Roth conversions. At the same time, another victory for those with good government or corporate health coverage.
http://www.tscl.org/NewContent/102589.asp
Here's another article that gives some planning possibilities for those not yet of Medicare age.
How To Limit Your Part B Premiums - Yahoo! News
I had planned to realize some large capital gains this year since my ordinary income is relatively low. But this Medicare Pt B surcharge amounts to another layer of tax that annoys me. It may be best to ignore it and go ahead, but I can't even get an absolutely certain look at the algorithm for figuring how the premium will change. It phases in at Adjusted AGI (adjusted up, not down!) of $80,000 for a single taxpayer, and steps up every at intervals above that amount. Threshold amounts are double this for married taxpayers.
Ha
Dynamite waiting to blow up anyone sitting on large capital gains, or hoping to do Roth conversions. At the same time, another victory for those with good government or corporate health coverage.
http://www.tscl.org/NewContent/102589.asp
Here's another article that gives some planning possibilities for those not yet of Medicare age.
How To Limit Your Part B Premiums - Yahoo! News
I had planned to realize some large capital gains this year since my ordinary income is relatively low. But this Medicare Pt B surcharge amounts to another layer of tax that annoys me. It may be best to ignore it and go ahead, but I can't even get an absolutely certain look at the algorithm for figuring how the premium will change. It phases in at Adjusted AGI (adjusted up, not down!) of $80,000 for a single taxpayer, and steps up every at intervals above that amount. Threshold amounts are double this for married taxpayers.
Ha
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