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I received notice from the Social Security Administration
I received notice from the Social Security Administration that in 2020, I must pay higher premiums for Medicare Part B and D. The increase is based on an “Income-Related Monthly Adjustment Amount (IRM… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
5,682 satisfied customers
I have received a letter that says I will have a monthly
I have received a letter that says I will have a monthly deduction of $202.40 starting in January 22,2020. It says my deduction of $144.60 for the standard Medicare premium,. Please explain. … read more
Stephanie O Joy, Esq
Stephanie O Joy, Esq
Soc. Sec. Attorney
Doctoral Degree
3,334 satisfied customers
We sold our Business, October of 2018. So we had an
We sold our Business, October of 2018. So we had an increase, one time adjusted gross income. We paid the tax required now we are being each adjusted $318.10/month from our Social Security … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
18,231 satisfied customers
How much of a raise will I get in 2020? 77. I began getting
Is there anything else I need to tell the Accountant?… read more
lev-ssa
lev-ssa
Retirement and Benefits
Bachelor's Degree Equivalent
44,463 satisfied customers
Both my husband and I are retired and on Social Security.
Both my husband and I are retired and on Social Security. What is our income limit that will not impact Medicare and Social Security? … read more
lev-ssa
lev-ssa
Retirement and Benefits
Bachelor's Degree Equivalent
44,463 satisfied customers
I retired in 12/2016 and continued receiving residual income
I retired in 12/2016 and continued receiving residual income in 2017. My new Medicare Part B is based on 2017 tax return AGI but for 2018 my total income is less than $170,000 (married, filing jointly… read more
Alexander Efros
Alexander Efros
Financial Planner/Tax Specialist
Masters of Business Administration (MBA)
1,195 satisfied customers
I just got a letter from SSA indicating I have to pay IRMAA
I just got a letter from SSA indicating I have to pay IRMAA for 2017, it is now November 2018. I did not do anything wrong. I did pay a one time charge in late 2017 or early 2018 for an IRMAA. What ar… read more
lev-ssa
lev-ssa
Retirement and Benefits
Bachelor's Degree Equivalent
44,463 satisfied customers
The letter I received states that my Social Security
The letter I received states that my Social Security Benefits remain the same as before the 2% increase. My retired friends all showed the raise and increase. Why would mine stay the same? … read more
Carter McBride
Carter McBride
LLM
4,372 satisfied customers
As my Social Security benefit for the year is $21,600 for
As my Social Security benefit for the year is $21,600 for 2018 and it is the only income I have and I am 78 years old with no pension, stocks, or 401Ks and have a mortgage, HOA, no job, no pensions, c… read more
lev-ssa
lev-ssa
Retirement and Benefits
Bachelor's Degree Equivalent
44,463 satisfied customers
AARP newsletter for Dec. 2017 states that if you are on
AARP newsletter for Dec. 2017 states that if you are on Medicare (which I am) and collecting SS (which I am) my premium would likely be $109 per month for 2018 because of a law that prevents Medicare … read more
lev-ssa
lev-ssa
Retirement and Benefits
Bachelor's Degree Equivalent
44,463 satisfied customers
I received a letter from SSA regarding my monthly SS
I received a letter from SSA regarding my monthly SS payment. They have decreased my amount (they say) due to an increase in income. I DID NOT HAVE an increase. The reason my 1040 showed a higher amou… read more
lev-ssa
lev-ssa
Retirement and Benefits
Bachelor's Degree Equivalent
44,463 satisfied customers
Is my 2018 social security benefit after deductions going to
Is my 2018 social security benefit after deductions going to be based on my2016 MAGI ? … read more
lev-ssa
lev-ssa
Retirement and Benefits
Bachelor's Degree Equivalent
44,463 satisfied customers
I received a SSA letter indicating I owed 2016 IRMAA
I received a SSA letter indicating I owed 2016 IRMAA Premiums for Medicare Part B and D based on my 2015 IRS Return. In December 2015, I completed a SSA 44 indicating I had a Life Changing Event (LCE)… read more
PhillipsEsq.
PhillipsEsq.
Attorney
JD
1,340 satisfied customers
I RECIEVED A LETTER FROM YOU NOVEMBER 25TH, 2015. THE LETTER
I RECIEVED A LETTER FROM YOU NOVEMBER 25TH, 2015. THE LETTER SAID TO TELL YOU I HAVE A MORE RECENT INCOME THAT COULD AFFECT MY MEDICARE PREMIUMS. THEY SAID TO CONTACT YOU IF MY MAGI HAS GONE DOWN ONE … read more
Angie
Angie
Bookkeeper, Tax Preparer, Office Manager
395 satisfied customers
I RECEIVED AN IRMMA LETTERWHICH ALEDGES THAT FICA IS PAYABLE
I RECEIVED AN IRMMA LETTERWHICH ALEDGES THAT FICA IS PAYABLE ON MAGI. RATHER THAN WAGES. IN 2014, MY FICA WAGES WERE APPROX, 25000. BECAUSE WE OWNED SOME TAX EXEMPT FUNDS AND SOLD A BEACH HOUSE, SSA I… read more
LawTalk
LawTalk
Attorney
Juris Doctor
3,071 satisfied customers
537307075 Received letter dated Nov. 25,2015 that has a
Received letter dated Nov. 25,2015 that has a deduction for Medicare premium of $121.80. My question, is this amount based on 2014 AGI? My AGI for 2014 was $181,105 and chart in letter states IRMAA is… read more
LawTalk
LawTalk
Attorney
Juris Doctor
3,071 satisfied customers
I am shocked that I have to pay $404 more a month for my Medicare
I am shocked that I have to pay $404 more a month for my Medicare per a letter from Social Security since I sold some land in 2011 to avoid bankruptcy due to the slow economy. Is there no way to avoid… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,416 satisfied customers
I am retired. 66. My ss was cut by $140 because my investments
I am retired. 66. My ss was cut by $140 because my investments made money. Can they do that?… read more
R. Klein, EA
R. Klein, EA
Accountant
Master's Degree
334 satisfied customers
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dylatess

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Stephanie O Joy, Esq

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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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