Informatiom received today via E-mail. Just passing on.
The Social Security Administration has sent the 2007 Social Security benefits statements. Taxpayers with 2005 modified AGI over $80,000 (single) and $160,000 (married) will see an increase in their 2007 Medicare premium. These increases can be up to $1,630 per couple, and are scheduled to triple by 2009.
Medicare subscribers have 60 days to appeal the increase and may be eligible for recomputation if:
The taxpayer experienced a life-changing event that affected their income;
The SSA used the 2006 year and the taxpayer can provide the 2005 information; or
The taxpayer filed an amended return, which decreased the income below the thresholds.
The Social Security Administration has sent the 2007 Social Security benefits statements. Taxpayers with 2005 modified AGI over $80,000 (single) and $160,000 (married) will see an increase in their 2007 Medicare premium. These increases can be up to $1,630 per couple, and are scheduled to triple by 2009.
Medicare subscribers have 60 days to appeal the increase and may be eligible for recomputation if:
The taxpayer experienced a life-changing event that affected their income;
The SSA used the 2006 year and the taxpayer can provide the 2005 information; or
The taxpayer filed an amended return, which decreased the income below the thresholds.