Can you not avoid the Medicare increase problem by filing as a professional?
On Jan 27, 2015, at 8:02 PM, bornloser1537@yahoo.com [vpFREE] <vpFREE@yahoogroups.com> wrote:
> >I will not play video poker where I can get W2G's if I am getting Medicare.
>
> W2-G's affect your MAGI whether you are a net winner or a net loser for a given year. With a large enough MAGI your medicare and prescription plan premiums are increased.
>
> I looked up the current numbers. In a worst case scenario, for a MAGI of about $400,000, this can amount to as much as about $3,600 per year increase in premiums for a married couple filing jointly.
>
> Thank you Federal government! <GROAN>
>
> ..... bl
>
> [Non-text portions of this message have been removed]
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