You might have a substantial 401(k) balance, equity in your home, or a six-figure salary, yet still experience anxiety about ...

And I’m also looking at the possibility of my Medicare Part B jumping because of this phantom income,” he said. Christina Wease runs the low-income tax clinic at Michigan State University ...

But retirees can face a "phantom tax" without proper planning, according to Tommy Lucas, a certified financial planner and enrolled agent at Moisand Fitzgerald Tamayo. Boosting income via earlier ...

Partners are taxed on their share of the partnership’s income, regardless of whether they receive any distributions. This can sometimes lead to a situation known as “phantom income,” where ...