Tax Deductions: Above-the-Line, Itemized, and Neither
Some tax deductions are neither above-the-line nor itemized. They're available if you take the standard deduction, but they don't lower your AGI.| The Finance Buff
Some tax deductions are neither above-the-line nor itemized. They're available if you take the standard deduction, but they don't lower your AGI.| The Finance Buff
The new 2025 Trump tax law doesn't eliminate federal income tax on Social Security benefits. Social Security is still taxable just as before.| The Finance Buff
A step-by-step walkthrough of how to use the Case Study Spreadsheet to estimate tax rates on Roth conversion with Social Security and Medicare IRMAA.| The Finance Buff
We project the Cost of Living Adjustment (COLA) for Social Security benefits next year under different scenarios. Retirees are better off with a lower COLA.| The Finance Buff
You pay higher Medicare Part B and Part D premiums if your income exceeds certain thresholds. Here are the IRMAA income brackets for 2025, 2026, and 2027.| The Finance Buff
The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025.| The Finance Buff
