Withdrawals from tax deferred accounts, such as IRA traditional 401(k) 403B and other accounts become taxable to you. How much you pay for Medicare is based on your modified adjusted gross income from two years prior so withdrawals you take today could impact how much you pay for Medicare two years in the future. Learned about the Medicare, Irma, brackets and strategies how to minimize or avoid Medicare Irma in my book, medicare mama’s guide to Medicare and Social Security retirement. You can fi

Parents, Don’t Miss These Tax Breaks! ✅ $2,200 Child Tax Credit ✅ $2,100 Child & Dependent Care Credit ✅ Breast Pumps = Write-Off ✅ Home Office (if self-employed) ✅ Health FSA (up to $3,300) ✅ Dependent Care FSA (up to $5,000) ✅ $19k Gift Tax Exclusion ✅ Up to $8,046 Earned Income Tax Credit ✅Up to $17,280 Adoption Credit ✅ Up to $10k New Car Loan Interest Deduction ✅ $1k Trump Accounts (tax-deferred savings for newborns 2025-2028) ✅ Hire Your Kids in Your Business #firsttimeparents #firsttimepa