The Economic Times

One 2025 tax return decision could change your 2026 retirement income heres what to know

Choices made while filing a 2025 tax return can impact retirement income in 2026. Income timing can affect Medicare premiums, Social Security taxes, and overall cash flow. One-time income spikes may trigger higher costs later. Experts say early tax planning, spreading income over years, and careful withdrawals can help retirees protect future money.