Retirement tax questions

Also have you considered the affect on your Social Security if you are over 65?  If  your income is high you may have to pay extra IRMAA for the Medicare deduction.  

 

On my letter from Social Security for IRMAA it uses your AGI plus tax exempt interest on 1040 line 2a. See this,
https://secure.ssa.gov/poms.nsf/lnx/0601101010


The MAGI thresholds used for IRMAA calculations are:
Married, filing jointly
2024 $206,000
2025 $212,000

 

See The Finance Buff article on IRMAA brackets
https://thefinancebuff.com/medicare-irmaa-income-brackets.html#htoc-2026-irmaa-brackets