Evelyn Pearson

MediumDeliveredAdvisory client

RetireeSingleORMeera KapoorAnnualReturn on file

Est. current income

$96,000

vs $104,000 prior year

Effective rate

13.4%

Marginal bracket

22% ordinary

Dec 31 hard stops

At a glance

Income trend

-8%

$104K → $96K AGI

Next-dollar rate

22%

Marginal · Single

Roth conversion room

$21K

To top of the 22% bracket

Cliffs to watch

IRMAA tier 1 (Single, 2-yr lookback)
Top of 22% ordinary bracket (Single)
Top of 12% ordinary bracket (Single)

This year: Low-income gap year before RMDs — prime Roth conversion window

Entity exposure

Individual (W-2)

Schedules B

State footprint

Single-state filer

Income mix

3 sources

pension · Social Security · interest

Year-over-year briefing

2026 Return Summary (projected)

AGI: $96,000
Taxable income: $82,000
Total tax: $11,000
Effective / marginal: 13.4% · 22%
Withholding + estimates: $12,000
Estimated refund: $1,000

Estimated Payments & Safe Harbor

Paid

$500

Paid

$500

Paid

$500

Paid

$500

Safe harbor (90% of 2026 tax; on track)On track

Paid $12,000 of $12,000

3-Year Trend

Metric	2024	2025	2026proj	Change
AGI	$156,000	$104,000	$96,000	−38%
Total tax	$24,500	$13,900	$11,000	−55%
Effective rate	17.5%	15.4%	13.4%	−23%

Carryforward Ledger

No material carryforwards on the prior return.

What's Different This Year

Low-income gap year before RMDs — prime Roth conversion window
Headroom below both the 22% bracket and IRMAA tier 1
Estimates on track; the opportunity is proactive, not corrective

Added

Lower wage income — retired mid-2025

Dropped

W-2 wages (full year)

Notable

First full year of retirement — income unusually lowRMDs do not begin until age 73 (a few years out)Roth conversion window open below the 22% bracket and IRMAA tiers

Tax anatomy

Income by Tax Bracket

How income fills the ordinary brackets, with capital gains stacked on top. Dashed lines mark each bracket ceiling — the gap above is your room.

10% top · $12k

12% top · $48k

22% top · $103k

Standard deduction$17,000

10% bracket$11,925

12% bracket$36,550

22% bracket$33,525

Room before

$21,350

of income before crossing into the next bracket

Marginal Rate Curve

The true rate on the next dollar across added income — decomposed so you can see which tax drives each spike.

22%

on the next dollar at +$0

22% bracket; the Roth-conversion window is open

+$0+$40k

Ordinary bracketIRMAA cliff

MAGI Phase-Out Map

Where this client sits against each threshold — and what crossing it costs.

IRMAAIRMAA tier 1 (Single, 2-yr lookback)$10k room

MAGI $96k · threshold $106kcrossing: +$1,054/yr Part B+D

bracketTop of 22% ordinary bracket (Single)$7k room

MAGI $96k · threshold $103kcrossing: next dollar taxed at 24%

bracketTop of 12% ordinary bracket (Single)$48k over

MAGI $96k · threshold $48kcrossing: income above here already at 22%

Elan

Grounded on Evelyn Pearson

Nothing outstanding for Evelyn Pearson right now.

Elan brought this to you

Nothing needs you for Evelyn Pearson right now.

Year-over-year briefing

2026 Return Summary (projected)

AGI: $96,000
Taxable income: $82,000
Total tax: $11,000
Effective / marginal: 13.4% · 22%
Withholding + estimates: $12,000
Estimated refund: $1,000

Estimated Payments & Safe Harbor

Paid

$500

Paid

$500

Paid

$500

Paid

$500

Safe harbor (90% of 2026 tax; on track)On track

Paid $12,000 of $12,000

3-Year Trend

Metric	2024	2025	2026proj	Change
AGI	$156,000	$104,000	$96,000	−38%
Total tax	$24,500	$13,900	$11,000	−55%
Effective rate	17.5%	15.4%	13.4%	−23%

Carryforward Ledger

No material carryforwards on the prior return.

What's Different This Year

Low-income gap year before RMDs — prime Roth conversion window
Headroom below both the 22% bracket and IRMAA tier 1
Estimates on track; the opportunity is proactive, not corrective

Added

Lower wage income — retired mid-2025

Dropped

W-2 wages (full year)

Notable

First full year of retirement — income unusually lowRMDs do not begin until age 73 (a few years out)Roth conversion window open below the 22% bracket and IRMAA tiers

Tax anatomy

Income by Tax Bracket

How income fills the ordinary brackets, with capital gains stacked on top. Dashed lines mark each bracket ceiling — the gap above is your room.

10% top · $12k

12% top · $48k

22% top · $103k

Standard deduction$17,000

10% bracket$11,925

12% bracket$36,550

22% bracket$33,525

Room before

$21,350

of income before crossing into the next bracket

Marginal Rate Curve

The true rate on the next dollar across added income — decomposed so you can see which tax drives each spike.

22%

on the next dollar at +$0

22% bracket; the Roth-conversion window is open

+$0+$40k

Ordinary bracketIRMAA cliff

MAGI Phase-Out Map

Where this client sits against each threshold — and what crossing it costs.

IRMAAIRMAA tier 1 (Single, 2-yr lookback)$10k room

MAGI $96k · threshold $106kcrossing: +$1,054/yr Part B+D

bracketTop of 22% ordinary bracket (Single)$7k room

MAGI $96k · threshold $103kcrossing: next dollar taxed at 24%

bracketTop of 12% ordinary bracket (Single)$48k over

MAGI $96k · threshold $48kcrossing: income above here already at 22%