Ask Rusty — About the Dreaded “IRMAA” Provision
Dear Rusty: About a month or two ago I was notified that my Social Security was being reduced from $1,583 a month to about $1,283 a month - a $300 deduction! They said it was because my income was over the limit on my last return. I filed my taxes “married - filing separately” because my wife has her own income. If we had filed jointly, I would not have had the reduction. My q...