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Thread: IRMAA not worth getting excited over unless LARGE IRA
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Old 11-14-2023, 12:11 PM
Boomer Boomer is offline
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Looks like the official IRMAA brackets for 2024 have now appeared online.

Yes. I know that those are based on the 2022 MAGI, but, at least, those numbers can act as a gauge to get an idea about 2025 brackets that will be based on NOW!

If you find yourself teetering on the threshold of crossing over into IRMAA and you have reached RMD age but have not yet completed the RMD for 2023, it might be worth running some numbers to see if a QCD could rescue you. . . if giving to charity is more appealing than paying taxes and you do the math to see what works best for you.

I think the IRMAA brackets seem unfair to single filers because probably more of them hit that threshold. I also know that IRMAA can sneak up on those who never thought about what could happen if income has been unusually high in a certain year.

Anyway, if IRMAA could be an issue for you, well. . . time’s a wastin’.

Boomer
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Last edited by Boomer; 11-14-2023 at 03:10 PM.