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For example, in 2023, individuals with an annual income of $97,000 or less paid a standard premium of $164.90 for Medicare Part B. ... (IRMAA), a key concept in the calculation of your premium ...
That’s due to what’s known as the IRMAA surcharge (Income-Related Monthly Adjustment Amount), which works on a sliding scale with monthly premiums of $259 to $628.90 for 2023 incomes of ...
For 2025, IRMAA kicks in if your 2023 income was over $106,000 and you’re single; above $212,000 for married couples filing joint tax returns. You may be able to get assistance paying Part B ...
The SSA will use the income tax information from the tax return a person filed 2 years previously to calculate the IRMAA surcharge. Medicare will then add the additional cost to the standard ...
Whether you pay a surcharge in 2025 depends on the income shown on your 2023 tax returns. “Unfortunately, it’s easy to trigger IRMAA when you first retire due to the two-year look back feature ...
Situation. Cause. a person filed an amended return for the tax year used to make the IRMAA determination there was a mistake in the IRS data the IRS sent old data to the SSA
How IRMAA works IRMAA’s surcharge is a sliding scale that, in 2024, starts at $244.60 a month for people with 2022 income between $103,000 and $129,000 and goes up to $559 a month for incomes of ...
The premium stood at $164.90 in 2023, ... spouses at any time during the year, but who file separate tax returns with modified adjusted gross income of $106,000 or less, will pay just the Medicare ...