- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
In this case, I am trying to see if my Medicare premiums will go up because of an increased MAGI. The instructions say that IRA contributions have to be added back, but are silent regarding whether SIMPLE IRA contributions are considered IRA contributions or salary reductions, such as 401(k) contributions. 401(k) contributions are not added back. I can't find my 1040 MAGI calculation anywhere in my Turbotax file. I need to know this to see how much of my income I need to defer to keep below the MAGI level. It can save me thousands of medicare premiums annually.
‎November 19, 2024
8:29 AM