As you approach retirement, it’s important to be aware of potential taxes that could affect your healthcare
costs, particularly if your income exceeds certain thresholds. Under The Affordable Care Act, individuals with higher income levels are subject to an additional 3.8% Medicare surtax on investment income, including taxable interest, dividends, capital gains, and rental property income. For those still working or earning self-employment income, there could also be an additional Medicare tax to consider.

Understanding how these healthcare taxes apply to you is crucial to effective tax planning in retirement.

To help clarify the rules and determine whether you’ll be impacted, check out “Navigating Healthcare Taxes” for detailed insight.

Are you interested in learning strategies to reduce or potentially eliminate these health care taxes? We are
here to help! Give us a call at 517-435-4040 or email us to schedule a time to discuss your needs.