For more than five million Americans, even a dollar of extra income can boost annual Medicare premiums by hundreds or thousands of dollars—but refunds of these surcharges are sometimes available.

Choosing MFS severs joint liability, meaning each spouse isn’t responsible for the information on the other’s return. This can be a deciding factor for some couples who are separated but not divorced and others who don’t want to commingle finances, even if it raises their taxes.

Retiring abroad requires a lot of planning and often a good accountant. When people dream of jetting off to the French countryside or a tropical island to begin a new chapter in retirement, tax and banking policies don’t usually feature prominently in the fantasy. But pulling off a move overseas in retirement requires navigating financial rules in both the U.S. and one’s new home. Mistakes are easy to make and can be costly, financial advisers with international clients say.

In today’s inflationary times and a down stock market, people are looking for side jobs as another source of income. But avoid some of the nasty surprises by planning ahead for additional income taxes, a possible increase in your Medicare premiums, or a reduction in your Social Security benefits.

For a multitude of pandemic and economic reasons, more and more Americans aged 65 and older are working. A study by MagnifyMoney shows that in May, 2022 - 21.9% of Americans over the age of 65 were still working. Two years earlier, that same percentage was 19.5%.