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Retirement tax questions
@Mtnbyke wrote:
Interesting but does not address the issue of CALCULATING MAGI for IRMAA.
TurboTax is *income tax* software and does not support calculations that do not go on an income tax return.
IRMAA is an acronym for Medicare's income-related monthly adjustment amount. Medicare does not go on an income tax return other than what is reported to you on a W-2 or SA1099 form.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
March 7, 2020
2:09 PM