Adjustment Amount (IRMAA) is an additional charge that high-income Medicare beneficiaries must pay on top of their Medicare ...

A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly.

Retirement account withdrawals and earnings from a job may not be the only taxable income you have, either. The federal ...

In the Feb. 15-16 weekend edition of The Daily Independent, we read a very informative letter by Ms. Sandy Woodward on Medicaid cuts that would be detrimental for many reasons.

With tax season right around the corner, it is necessary to know our income and expenses and how they affect our tax return.

The GOP leadership in the House has proposed eliminating two education tax credits to save the government $85 billion over 10 ...

Contributing to an IRA is a smart move for retirement savings, but if you accidentally put in more than the IRS allows, you ...

Your 401(k) withdrawals can affect how much you spend on Medicare. While few households pay premiums for Medicare Part A, most households do pay premiums for Medicare Part B and Part D. These premiums ...

Here's what college students need to know about filing taxes and how to make the most of some special tax benefits. Do College Students Need to File? The answer depends on their income and ...

Personal finance author and philanthropist Tony Robbins recognizes this shift in reality and suggests a key retirement ...

IRMAA Brackets for Married Couples: High-income Medicare users must pay an extra fee called the Income-Related Monthly Adjustment Amount (IRMAA). This fee is added to their Medicare Part B and Part D ...

Taxpayers who are paying interest on their student loans need to be aware of how to file their returns for 2024 correctly so ...