Social Security taxes catch many retirees off guard. Not because the rules are hidden, but because the outcome depends on how all of your income sources interact, not just... Read More
As of tax year 2026, Iowa has simplified its income tax system, creating clarity for both working adults and retirees. Here’s what’s new and what it means for your... Read More
What are Iowa's income tax rates and what can you do to keep your state taxes in check? Read More
One of the key items on your tax return is a set of figures called Adjusted Gross Income, often called AGI, or Modified AGI, often called MAGI. These numbers... Read More
Calculating the MAGI to be eligible for Roth contributions is one of the most common misunderstandings we see when tax planning with our clients. One confusing part of our... Read More
Rules for required distributions from inherited IRAs have changed significantly in recent years. For several years, there was uncertainty regarding how recent tax laws, such as the SECURE Act,... Read More
When a loved one passes away and leaves behind property, you may be required to pay Iowa inheritance taxes. How much, or whether you pay any inheritance taxes at... Read More
Non-deductible IRA contributions are a common option for savers to get more money into retirement accounts. While saving into an IRA is certainly never a bad idea, we find... Read More
For higher income retirees, Medicare adds a surcharge to your Part B and Part D premiums, called IRMAA, or the Income Related Monthly Adjustment Amount. The extra charge is... Read More
Understanding the type of income that counts towards the IRMAA calculation is important because avoiding IRMAA can save you hundreds of dollars per month on each spouse’s monthly Medicare... Read More
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