Roughly 10% of those on Medicare have high enough income that triggers a surcharge of Medicare premiums that are deducted from monthly Social Security benefits. If your income is near or at this point, you want to plan your 2024 tax return to see if

I read this article at Morningstar last week, “Is high inflation a good time for Roth IRA Conversions?” It argues that “when it comes to taxes, inflation is great.” As the start of marginal tax brackets increase “more funds can be passed through lower tax

The inflation report issued yesterday showed inflation was very low for a second month. Core inflation was the lowest in 3½ years: 0.06% for June. (Core inflation is closest to the Fed’s favored measure of inflation, PCE, that will be reported for June at the

Our Social Security benefits and the key items that affect taxes we pay adjust for inflation. For example, the start of tax brackets for ordinary income adjust for inflation each year: we pay the same real amount in taxes on the same real amount of