Asset Planning, Inc Blog

The latest from the team.

Medicare Premiums Update and Medicare Surtax

 

Medicare Part B premiums are remaining unchanged for 2014 ($104.90 per month).  Those seniors who had an adjusted gross income of over $170,000 for married couples or $85,00 for all others, there will be an increase in rates for Part B and Part D premiums.  The adjusted gross income will be taken from the 2012 tax returns that were filed.  Total surcharges are phased in by adjusted gross income levels but will not be greater than $300.10 a month.  If you would like more information on the rate breakdown or how this might affect you, please follow the link below to the document provided by the Social Security Administration.

http://www.ssa.gov/pubs/EN-05-10536.pdf

As part of the Affordable Care Act there is a new Medicare surtax that is being imposed on singles earning over $200,000 or couples earning over $250,000 for 2013.  This new surtax only applies to the earnings over the thresholds listed above.  This new surtax is only paid by the employee and does not change the employer portion of the Medicare tax.  This adds 0.9% to the amount of Medicare tax that is being paid and employers have been instructed to withhold the extra 0.9% of Medicare tax on any employee whose earnings exceed $200,000 regardless of filing status.

Normal 0 false false false EN-US X-NONE X-NONE

 

Continue reading
  1793 Hits
1793 Hits

Search Blogs Module

Wait a minute, while we are rendering the calendar
text messages September 30 2020. January 10 “ skimmer ”. Kraig Mathias pet supplies banking trustee cell phone provider CFP ® Social Security cell phone SIM swap scam pet industry April 18 2017. prescription eyeglasses donation items Affordable Care Act memorial Day weekend home mortgages Fox News story DNA test kits fees Amazon pet June 29 pets scams chip-enabled EMV cards documents integral member blog post insurance policy email notifications web address phishing sites checklists Coronavirus Aid Wells Fargo customers spread hurricane Dorian cell phone carriers offer Facebook profile water … tax filing deadlines years home emergency preparedness kits VOIP landline phones notary services FEMA website https ://seekingalpha February 14 interest illiegal robocallers clone counterfeits 20 year anniversary operations manager cell phones vacation rescue organizations information Facebook identity thieves vision screening home emergency kit records COVID -19 virus retirement accounts increase Medicare question EEChecklist-Kits.pdf stockpilingchecklist.pdf company emergency kit IRS deadline insurance policies identity theft Flexible Spending Account interest rates cell phone service provider CARES Act 23 andme portal partner /owner credit card fraud Ice Cream Social business hours clients estate planning July 4 paperwork clutter home security card reader tax records emergency kits 900 number ice cream event 4 pm -8pm home break-ins asset Planning toilet paper Medicare Advantage Retirement Contribution Limits padlock credit freeze Treasury Department Legal robocalls phone companies fun atmosphere IRA accounts opt-out CERTIFIED FINANCIAL PLANNER exam debt tax season October 1 2020. ID card CA FTB holidays approach jury duty Independence Day 2017 IRA contributions Puerto Rico non-prescripstion sunglasses president Trump pet donation drive relief efforts client portal health care costs account numbers stimulus package media accounts D premiums Federal Trade Commission website Victor Dergunov Wells Fargo employees contribution limit self-help topics Orange County Social Security Administration privacy notices Shred paperwork emergency folder parking spots coronavirus earnings fallout https :// credit cards house sitter retirement markets 2017 Equifax breach flash drive Mobile Banking Security Tips Erin Nelsen assets clients show support health care services news coverage family members Auto insurance retirement plans Expired medications spring cleaning Part B bottom line borrowing money phone Supplemental Security Income Brexit vote retirement planning Open Enrollment student loans estate planning direction gap insurance fun facts Economic Security National Ice Cream month privacy settings Orange County Superior Court information Charles Schwab 401K credit score settlement options Two-Step Verification ice cream investment statements IRS stock pile tax deadlines FSA donation counts July weekend Notary Public tax returns credit monitoring service money home team members California Lions Friends tax deadline phishing scams Medicare Part B premiums April 11 life saver market turmoil executive order policy 70 1/2. car loans summer consumer spending offering insurance Medicare trust official certification spam phone Open House paper records Medicare Part B credit card company driver license disaster areas drive /usb breach TD Ameritrade Joey Gonzales Kiplinger Letter Part D premiums . app July 3 rd check lists Healthcare estate payments Asset Planning people medications cell phone carriers wells Fargo earthquake app July 6 Medicare plan 2017 TD Ameritrade National LINC Conference 2018 IRA contributions items Roth IRA April 15 Financial Planning Magazine birth certificates