@organdan
Hold on though. MAGI for Medicare IRMAA purposes, is AGI Plus Tax exempt $$... (on the 2024 tax form 1040, That's line 11 plus line 2a).
That's before itemized deductions are considered...so increasing charity won't help you.
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If your MAGI income is anywhere near that particular 212,000 threshold, not sure what you can do other than find some capital losses to realize on investments to "attempt" keep your MAGI below.
$212,000 was one of the MFJ MAGI cut-off points for 2024 taxes that affect your 2026 Medicare premiums.....next year might be a bit higher, but it's almost impossible to plan it that closely.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
