IRMAA — Help!
OMG my ss was reduced by 450 dollars today-in 2023we sold some income property-had to as the tenant was leaving, so had to pay cAPITAL GAINS TAX IN 2024-the year they are using to decide the new ss benefit-have downloaded the form to send in but see sales of property may not be recognized..I only get 1100, now 6..wtf.
Terry Says
Yes, that’s the dreaded IRMAA adjustment. Please read this for instructions to get it removed as a one-time income increase. But it likely will take 2 years!
https://www.terrysavage.com/irmaa-increases-medicare-premiums/
