This year I am planning to take my family member as a Qualified Relative for tax purposes. They meet the criteria, and they will keep their income to $5,000 or less, as per the criteria.
On my taxes this year they will be my dependent. They will file their own tax return, indicating that someone else took them as a dependent.
For my 2026 IRMAA determination, does my family member's 2024 income of around $5,000 count toward my own MAGI?
I'm thinking that since they need to file their own return, that only my own income is included in my MAGI for IRMAA in 2026.
Sorry if this isn't a very smart question. After all, you don't know what you don't know. Image may be NSFW.
Clik here to view.
On my taxes this year they will be my dependent. They will file their own tax return, indicating that someone else took them as a dependent.
For my 2026 IRMAA determination, does my family member's 2024 income of around $5,000 count toward my own MAGI?
I'm thinking that since they need to file their own return, that only my own income is included in my MAGI for IRMAA in 2026.
Sorry if this isn't a very smart question. After all, you don't know what you don't know. Image may be NSFW.
Clik here to view.
Statistics: Posted by LilyFleur — Mon May 06, 2024 7:23 pm — Replies 1 — Views 83
