Talk of The Villages Florida - View Single Post - Need Tax Advice On A Roth IRA
Thread: Need Tax Advice On A Roth IRA
View Single Post
 
Old 10-20-2020, 07:20 PM
kathyspear's Avatar
kathyspear kathyspear is offline
Veteran member
Join Date: Jun 2018
Location: Village of Valle Verde
Posts: 849
Thanks: 321
Thanked 931 Times in 299 Posts
Default
Quote:
Originally Posted by Boomer View Post
Known as IRMAA (income-related monthly adjusted amount), the added premium hits two years after the tax year in which your income crossed the line for the increase.
Am I correct in assuming that the IRS provides income info to Medicare every year? So if you are paying the added premium due to an IRA conversion or some other alleged "windfall" are your monthly Medicare Part B & D premiums adjusted automatically in future years or does one need to contact them to get them adjusted?

Thanks.

kathy