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Tim discusses the taxation of Social Security income in retirement and highlights the provisional income formula, which determines the taxable portion of Social Security. He also discusses how adjusted gross income can affect Medicare premiums, also known as Income Related Monthly Adjustment Amount or IRMAA.
For more information, visit the show notes at https://erwealth.com/podcastblog/how-social-security-and-medicare-are-taxed
5
66 ratings
Tim discusses the taxation of Social Security income in retirement and highlights the provisional income formula, which determines the taxable portion of Social Security. He also discusses how adjusted gross income can affect Medicare premiums, also known as Income Related Monthly Adjustment Amount or IRMAA.
For more information, visit the show notes at https://erwealth.com/podcastblog/how-social-security-and-medicare-are-taxed
22 Listeners