Yahoo Finance | EN590 Commodities
EN590 Commodities GroupEnergy Markets 2026-06-28T18:17:00+00:00
For retirees who booked a large capital gain in 2024, the Income-Related Monthly Adjustment Amount is now adding thousands of dollars to their Part B and Part D Medicare premiums. The surcharge stems fromMedicare's two-year lookback rule, which pulls modified adjusted gross income (MAGI) from a prior tax return to calculate current-year costs. A married couple filing jointly with a $210,000 taxable gain layered on top of roughly $130,000 in otherretirementincome could face combined surcharges exceeding $5,600 for the year,24/7 Wall St. reported. The surcharge applies even though the gain was a one-time event, because Medicare treats it the same as recurring income. The Social Security Administration uses MAGI from the tax return filed two years prior to set surcharge levels. Your 2024 retu
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.