07/02/2026
https://www.yahoo.com/healthcare/articles/sell-house-retirement-medicare-bills-183754248.html
This is a really good article about the lookback period for Medicare. I cant stress this enough, ever. Get your affairs in order when you own real estate!!! A trust, a will a process of things not just when you die, but how this can be avoided or at least not as much as a tax burden. Please consult a trust attorney, your insurance agent and other professionals about how to protect your assets for you and your family.
A couple sold their longtime home in 2024 for $1.2 million after buying it decades ago for $300,000. After applying the $500,000 married-filing-jointly primary residence exclusion, they still had a large taxable capital gain. Two Januarys later, their 2026 Medicare bills landed, and the Part B premi...