Alert
Close

How far could you travel with $10,000? Enter AARP’s Winter Escapes sweeps now!

HIGHLIGHTS

Open

learning centers

Get smart strategies for managing health conditions.


Arthritis

Heart Disease

Diabetes

Most Popular

Viewed

Will the New Health Care Law Cause My Taxes To Go Up?

The new taxes mostly affect people with high incomes.

  • Beginning in 2013, if you are a married couple with income of more than $250,000 a year or an individual making more than $200,000 a year, you will pay an extra 0.9 percent in Medicare payroll taxes and a new 3.8 percent tax on unearned income from, for example, investment interest, annuities, rents. This tax does not include Social Security benefits, pensions or IRAs.
  • Whatever your income, beginning next year if you have a health savings account, the tax on your withdrawals for anything other than approved medical expenses will rise from 10 to 20 percent.
  • Starting in 2013, you can take a tax deduction only on medical expenses that exceed 10 percent of your income—up from 7.5 percent now. This change is postponed until 2016 for taxpayers age 65 and older.

 

More Insights About the New Health Care Law

 

Other Insurance Situations

 

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

Tell Us WhatYou Think

Please leave your comment below.

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

Membership Discount Benefit Pet Plan Dog

Members save 10% or more on Petplan pet insurance premiums.

Senior couple working on laptop. Medicare open enrollment. (David Jakle/Corbis)

Medicare Open Enrollment Period Ends Dec. 7 ─ AARP® Medicare Plans from UnitedHealthcare.

Grandson (8-9) whispering to grandfather, close-up

Members can save 20% on hearing aids with the AARP® Hearing Care Program provided by HearUSA.

Member Benefits

Join or renew today! AARP members receive exclusive member benefits & affect social change.

Rewards for Good

Your Points Balance:

Learn More

Earn points for completing free online activities designed to enrich your life.

Find more ways to earn points

Redeem your points to save on merchandise, travel, and more.

Find more ways to redeem points