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A new Medicare charge is coming: Here’s how to lessen the blow High-income seniors are advised to engage in tax planning to reduce their modified adjusted gross income and minimize their Medicare premium surcharge, which is expected to increase in 2018, according to this article on The Wall Street Journal. The premium surcharge is imposed on the top earners, who pay up to $4,090 in combined surcharges for Medicare Parts B and D above the base yearly premium of $1,462 per person. To lower their modified adjusted gross income, wealthy people should donate appreciated stocks instead of cash to a charity, consider a Roth IRA conversion, boost contributions to workplace retirement plans, and find ways to lower their capital gains. --Wall Street Journal
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