7 New IRS Rules Quietly Taking Money From Seniors — Fix Them Before December

Seven new IRS rules are quietly taking money from seniors and retirees this year, and most can only be fixed before December 31. Covered: the new $6,000 senior deduction phase-out, the 0.5% charitable deduction floor, qualified charitable distributions, inherited IRA 10-year rule annual RMDs, the Medicare IRMAA income cliff and SSA-44, required minimum distribution penalties, Social Security benefit taxes, paper tax refund checks ending, and the new non-itemizer charity deduction. Essential year-end tax planning for Social Security recipients, Medicare Part B and Part D enrollees, IRA and 401k owners, widows, and fixed income retirees over 65. Get The Senior EXEMPT Playbook (the guide from the QR code in this video) — every bill you are legally allowed to stop paying after 65, in one guide: https://senior-exempt-playbook.netlify.app Chapters: 0:00 7 new IRS rules taking money from seniors 1:50 The $6,000 that disappears 4:12 The charity floor 6:51 The inherited IRA your kids don't know about 9:40 The one dollar Medicare rule 13:35 The double withdrawal year 15:41 The Social Security tax that didn't go away 18:02 The refund check that isn't coming 20:08 The new rule that works in your favor 21:16 What to do before December 31 DISCLAIMER: This video is for general educational and informational purposes only and is not tax, legal, investment, or financial advice. Tax rules, Medicare premiums, income thresholds, and IRS procedures change, and every situation depends on its own facts. Always confirm your situation with the IRS, Social Security, Medicare, or a licensed tax professional before acting. #IRS #SeniorFinance #RetirementIncome