Munira / Molly Rangwala - Enrollment Store Health Insurance

States With No Income Tax
Thinking of moving to a state with no income tax? 🏡💸 Discover the 9 states where your paycheck goes further—but don’t forget to weigh property taxes, cost of living, and retirement perks! Would you make the move? 👀
https://www.roomvu.com/agent-news/muniramolly-rangwala/1553895-States-With-No-Income-Tax

⏳ IRMAA is an income-related surcharge added to your Medicare Part B and Part D premiums once your income clears a set threshold.

It works as a cliff: one dollar over $109,000 in 2026 for a single filer moves you into Tier 1 and adds $1,148 a year.

That $1,148 combines the Part B surcharge of $81.20 a month and the Part D surcharge of $14.50 a month, and it is charged per person.

The surcharge is not cumulative, so you pay only the amount for the tier your income lands in, with nothing added from the tiers below.

Medicare uses your MAGI from two years back, so your 2024 return sets your 2026 premium.

That two-year lag is why a one-time IRA distribution or a Roth conversion in 2024 can raise your premium in 2026, even if your income later drops.

Tax-exempt municipal bond interest still counts toward the MAGI that IRMAA uses, so it can push you over a threshold without showing up as taxable income.

Qualified Roth withdrawals do not count toward that MAGI, which is part of why conversions are timed for years when income is already low.

If a life event like retirement or the death of a spouse cut your income, you can ask Social Security to use your current income by filing Form SSA-44.



*The content shared here is for educational and informational purposes only. It is not personalized investment, tax, legal, or financial advice. Consult a licensed professional before making decisions based on your specific situation.*