The Retirement and IRA Show IRMAA, Inherited IRA, LTC, ACA Tax Credits: Q&A #2602
Jan 10, 2026
Listeners dive into the complexities of IRMAA surcharges and discover if they can retroactively file SSA-44 for refunds. There's a fascinating discussion on inherited IRAs, specifically how a surviving spouse can access funds without penalty. The conversation shifts to long-term care insurance, highlighting the common issue of lifetime benefit caps. Finally, the hosts clarify how long-term capital gains impact eligibility for ACA tax credits, shedding light on important tax nuances.
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Use SSA-44 For Work Reduction To Lower IRMAA
- File SSA-44 when a work reduction or stoppage causes future MAGI drops to request use of current-year income for IRMAA determinations.
- Upload the completed SSA-44 via your SSA online account under 'upload documents' to speed processing and potential refunds.
File Retroactive SSA-44 For Refunds
- You can file SSA-44 retroactively to report a 2025 job loss and request refunds for IRMAA charged in 2025 and 2026.
- Use the SSA online form and select the past years affected in the dropdown to document the life-changing event.
Keep Inherited IRA For Penalty-Free Access
- Surviving spouses can keep an inherited IRA as a beneficiary IRA to take penalty-free withdrawals before age 59½.
- Transfer the remaining balance into your own IRA after you reach 59½ to gain long-term advantages if needed.