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Beware higher Medicare premiums & income tax on Social Security if you work
In this comprehensive article, Mary Beth Franklin cautions financial advisers to advise clients collecting Social Security and/or Medicare that earned income above certain thresholds can come with higher tax bills. It is important to note that income limitations, officially known as the Social Security earnings cap, applies only to those before reaching full retirement age. Medicare has a separate income calculation. Read full article here….
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