The Social Security Fairness Act could raise your MAGI and trigger IRMAA in 2026–27. Plan now: manage taxable income, file ...

Your successful retirement savings could backfire when Medicare bills arrive. The IRMAA surcharge will trap 8.6 million ...

When it comes to Medicare, premiums don’t always stop at the standard rate. If your income exceeds certain thresholds, you ...

For the more than 65 million Americans who depend on Medicare, 2025 will bring noticeable changes to their healthcare bills. The Centers for Medicare & Medicaid Services (CMS) ha ...

You may also be able to strategically position your income to avoid the IRMAA surcharge altogether. Utilizing full or partial ...

The income-related monthly adjustment amount (IRMAA) is a surcharge that Medicare adds to a person's premiums. It relates to their income. Learn more here.

Sale of Residence IRMAA Planning As an example, let’s suppose you’re married, are considering selling your home in 2022 for $1.5 million, and will have a taxable gain of $600,000 after using ...

IRMAA also applies if you’re enrolled in Medicare Part D, which is the separate drug prescription plan, though some Medicare Advantage plans fold in prescription coverage.

Meet IRMAA. This is not a senior’s dating site, but every senior on Medicare should be intimately familiar with IRMAA — the initials that stand for "income-related monthly adjustment amount." ...

In 2024, the IRMAA for single taxpayers with incomes greater than $103,000 and less than or equal to $129,000 (between $206,000 and $258,000 for joint returns) will be $69.90 for Part B and $12.90 ...

Therefore, how much you pay for Medicare premiums, and IRMAA, is determined by your tax returns from two years prior. For instance, your 2024 premiums are based on your 2022 tax return, and so on.

The IRMAA is a surcharge, derived from a person’s annual income, which Medicare adds to the basic Medicare Part B and Part D premiums. The IRMAA depends on someone’s income bracket and whether ...