Death and taxes, right?
Check with a tax professional first, but I was blown away that some of you all can take write offs for:
- Medicare Part B, Med Supps, and Part D premiums if you are self-employed, that’s huge!
- If you or your spouse are still working, check out if you can still contribute to retirement.
- Snowbirds can consider switching the primary residence to avoid state taxes.
- Look at gift giving, charitable deductions and total medical expenses (if the exceed 7.5% of your AGI.)
Here’s a great article from Kiplinger with that information.
And if you have questions about Medicare Insurance, book a time on my calendar here.
Not Sure Which Medicare Plan Is Right for You?
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Disclaimer: We do not offer every plan available in your area. Currently, we represent 10 organizations that offer 50 products in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.