An Introduction to IRMAA
Money Talk
SEPTEMBER 30, 2022
A letter from the Social Security Administration (SSA) notifies beneficiaries of their expected benefit, including IRMAA deductions, if any. Three IRMAA Action Steps ยจ Reduce MAGI- MAGI is based on adjusted gross income (AGI) plus tax-exempt interest income and certain deductions that are added back. IRMAA seems very punitive.
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