Medicare IRMAA is a monthly adjustment amount that higher income earners must pay more for Part B and D premiums. The 2023 income threshold for Medicare IRMAA is $97,000 for beneficiaries filing individual tax returns and $194,000 for beneficiaries filing joint tax returns. 60 in 2020. 70 for 2024, an increase of $9. getty. On average the IRMAA Brackets have inflated from 2007 to 2021 as follows: 1st Surcharge Bracket: 4. The Part D IRMAA surcharges are relatively smaller in dollars. 10 in 2029. If your filing status and yearly income in 2021 was. The IRMAA is calculated on a sliding scale with five income brackets topping out at $500,000 and $750,000 for individual and joint filing, respectively. However, by law, the IRMAA Brackets adjust according to the Consumer Price Index for Urban Consumers (CPI-U). The standard monthly premium for Medicare Part B enrollees will be $174. 70. The first income threshold for 2023 Medicare premiums will be at least $95,000 if the average CPI-U for Sep 2021 to Aug 2022 is at least. Part D – 4. Note: unfortunately, the previous 2 Medicare Board of Trustees Reports (2022 and 2021) due to circumstances on coverage and Covid-19 do not reflect. We’ll help you keep them safe. Furthermore, beneficiaries with income over a set amount will pay a Part B premium surcharge known as an income-related monthly adjustment amount (IRMAA). The Centers for Medicare & Medicaid Services (CMS) today announced that the average total monthly premium for Medicare Part D coverage is projected to be approximately $55. For couples who file a joint tax return, that threshold is $194,000 per year. The Stealth Taxes include the inclusion of Social Security benefits in gross income, the Medicare premium surtax (also known as IRMAA), the 3. While your AGI will be locked in on Dec 31, 2023, only 4 of the 12 inflation numbers that 'lock in' the 2025 IRMAA brackets will be known. We have all 12 data points out of 12 for the IRMAA brackets in 2024 (based on 2022 income). The 2024 Medicare IRMAA surcharge kicks in when modified adjusted gross income exceeds $103,000 for single taxpayers or $206,000 for married couples filing jointly. The annual deductible for all Medicare Part B beneficiaries will be $240 in. Our 2021 income was going to escalate my premiums by two levels with Aunt IRMAA—or so I was initially informed. The income-related monthly adjustment amount (IRMAA) sliding scale is a set of statutory percentage-based tables used to adjust Medicare Part B and Part D. ". Oct 12, 2023. I’m hoping to repeat the same in 2024, but here’s the rub, which involves the 2-year IRMAA look back for my spouse. Part D – 4. Because IRMAA charges are reset every year based on the income from two years earlier, even retirees who never. 70. MrLoco wrote: ↑ Mon Jan 16, 2023 2:40 pm I have read some of the previous posts on doing Roth conversions beyond the first IRMAA tier to lessen the effects of future RMD's from a TRad. Unfortunately, that's not the case for 2024, when these charges will be back on. 70. Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. Higher-income individuals will face additional charges based on their income levels and tax filing status. 4. Beginning in January 2024, the income threshold for full benefits will be raised to 150 percent of the federal poverty level ($21,870 for an individual. Part D IRMAA. 70 for 2024, an increase of $9. This is the ultimate guide to the 2023 IRMAA brackets (and this projected 2024 IRMAA brackets). premium shown includes the IRMAA surcharge. Oct 12, 2023. Drug tiers . That’s why I’m looking for sensible predictions, not the actual brackets. Here are the 2024 IRMAA amounts for married taxpayers that file separately: Part B Coverage. 0 Act. The standard monthly premium for Medicare Part B enrollees will be $174. However, for those above the IRMAA threshold, premiums range between $230. A step-by-step walkthrough of how to use the Case Study Spreadsheet to estimate tax rates on Roth conversion with Social Security and Medicare IRMAA. 40% they will also be receiving $48,000 a year too. $103,000 or less. The IRMAA surcharge is added to your 2023 premiums if your 2021 income was over $97,000 (or $194,000 if you’re married). For 2024, the IRMAA surcharge will be added to your premiums if your 2022 income was over $103,000 (or $206,000 if you’re married). 2024 Virginia Part D Plans; 2024 Wisconsin Part D Plans; 2024 Texas Part D Plans; 2024 Tennessee Part D Plans; P: (877) 410-9594. However, that cost is based on your monthly adjusted gross income from the last two years. 2024 IRMAA Cost Sharing for Higher Income Medicare Beneficiaries. The increase comes a year after the I-R-S. 86 in 2023 to $18. You’ll also have to pay. The Social Security Administration (SSA) determines who pays an IRMAA based on. The 2024 IRMAA Brackets. The surcharge is calculated based on tax returns you reported from two years prior: meaning your 2022 income determines your IRMAA in 2024, your 2023 income determines your IRMAA in 2025, and so on. The annual deductible for all Medicare Part B beneficiaries will be $240 in. For single taxpayers. 15 and continues through Dec. 40 per month, depending on income. 70 per month in 2022 under CRS estimates, and $234. In this article, you'll learn where IRMAA is, how it's calculated, and tips for avoidable this pesky additional. 4 percent for both those filing separately or as married couples. 50 a month plus plan premiums for incomes of $123,000 to $153,000. Normally we make under $100,000/year filing jointly but a sale of investment property threw us into a much higher bracket. 2023 IRMAA Brackets. The impact is simple, the more you make the higher your Medicare costs. At a $191,950 taxable income, your effective tax rate is closer to 18%, which is quite reasonable. This will throw you into the top IRMAA bracket, increasing your spouse and your monthly 2024 Medicare Part B premiums to $578. These federal. In 2024, that standard Part B premium sits at $174. Read through this blog to be better prepared for the potential impact on your healthcare costs in the future. Continue ReadingThe Social Security Administration (SSA) uses tax return information from two years prior to determine IRMAA brackets and subsequent premium amounts. The standard monthly premium for Medicare Part B enrollees will be $174. According to latest Medicare Board of Trustees report from the IRMAA brackets will increase by over 6. $174. Please learn 2024 Social Safety Value of Residing Adjustment (COLA) Projections and 2024 Tax Brackets, Commonplace Deduction, Capital Features, and so forth. 6% rate assumes your income was just. For example, suppose a married couple filing jointly has $70,000 in other taxable income (after deductions) and $20,000 in qualified dividends and long-term capital gains in 2023. 90. See an overview and example on how tax brackets and rates are applied each tax year. The tax items for tax year 2023 of greatest interest to most taxpayers include the following dollar amounts: The standard deduction for married couples filing jointly for tax year 2023 rises to $27,700 up $1,800 from the prior year. 10 in. Most Medicare Part B users – those whose tax returns in 2019 were $88,000 or less for an individual tax return (or married but filing a separate return) or $176,000 for a joint return – are paying $148. How to Calculate IRMAA Premiums. September 13, 2023 in Healthcare, Taxes. CMS will accept comments on the CY 2024 Advance Notice through Friday, March 3, 2023. The agency credits improvements to. 2nd Surcharge Bracket: 6:42%. Individuals in the lowest IRMAA tier will save $62. IRMAA surcharges for Part B are. While bumping into the next IRMAA bracket may be avoidable in some years, IRMAA is reassessed each year. "It’s too early to know what the 2023 IRMAA brackets will be. 60 and Medicare Part D monthly premiums by up to $76. 90. 70 for 2024, an increase of $9. Details on the five IRMAA brackets, whose income levels are adjusted each year: Those with income from $97,001 to $123,000 on an individual return or from $194,001 to $246,000 on a joint return will pay $230. ”. To determine whether you are subject to IRMAA charges, Medicare uses the adjusted gross income you reported on your IRS tax return two years ago. For beneficiaries in skilled nursing facilities, the daily coinsurance for days 21 through 100 of extended care services in a. Here are the IRMAA income brackets for 2022 2023, and 2024. I’m also sharing: What is IRMAA (and what does it stand for) How IRMAA is calculated. While most people who receive Medicare benefits when they reach age 65 will never have to worry about IRMAA, those with higher incomes are charged extra each month for their coverage. If inflation is 0% through August 2022, these will be the 2023 numbers:" Part B Premium 2022 Coverage (2020 Income) Married Filing Jointly: <= $182,000 2023 Coverage (2021 Income) The surcharge is calculated based on tax returns you reported from two years prior: meaning your 2022 income determines your IRMAA in 2024, your 2023 income determines your IRMAA in 2025, and so on. IRMAA Brackets 2024; 2022 Individual tax return 2022 Joint tax return 2022 Married and separate tax return 2024 Part B premium 2024 Part D premium; $103,000 or less. In 2023, the premium for Part B, medical insurance, is going down by $5. This fact sheet. 4. The standard Part B premium is. 10 in 2022. Doing so can help keep you in a lower IRMAA bracket in subsequent years, notes. Indexed Universal life insurance Policies and IRMAA; IRMAA 2025; 2024 Part D Premiums; 2024 Medicare Part D Plans; P: (877) 410-9594. The projected average total Part D beneficiary premium is projected to decrease by 1. 010A for a definition of MAGI). and this is the frustration - the inflation year goes from Sept 2023 - August 2024. Roth conversions in 2020, your MAGI may increase IRMAA brackets in 2022. For the 2024 predictions of IRMAA for 0% or 5%, and regardless of which of the above two monthly increases to the CPI-U that one uses from November 2022 to August 2023, and consistent with FactualFran's nudging, the predicted 2024 IRMAA brackets are exactly the same, due to rounding to the nearest $1000. 2024 IRMAA Brackets. Heads of household-$63,000. Medicare Part D beneficiaries with annual income (MAGI) over $103,000 (individual) or over $206,000 for couples filing joint. IRMAA will also be referred to as “higher Medicare premiums. 02%. Leqembi is a treatment for those in the early. Posts: 243. There are five IRMAA income brackets depending on your income and filing status. For incomes that are subject to IRMAA, the . For more helpful information on Medicare, check out these frequently asked questions about Medicare plans. Medicare Part B IRMAA Calculating the 2024 IRMAA Thresholds: The 12-month CPI-U average ending in August of 2022 = 285. These income levels will rise yearly; the CRS report does not estimate the incomes. Simply put, IRMAA is considered a cliff penalty because even one dollar over the limit could cost you three to four times more for the same Medicare services. Your premium is based on gross income (MAGI). 2022 Taxes Will Determine 2024 Medicare IRMAA. More information regarding Part B premium surcharge calculations can be found in HI 01001. You can schedule an appointm. The extra charge for Part B starts at $69. If you estimate $50,000 as your 2024 MAGI, but when you file your tax return for 2024 it shows $500,000 MAGI, you will be required to pay additional IRMAA for. IRMAA is simply a tax on those who earn too much income. If you go over an IRMAA bracket by $1, you pay the full next tier. The surcharges are. 2024 IRMAA bRACKETS WITH 5% inflation Nickel and Dime. 141, rounded up to the number of digits shown. IRMAA can apply to either Medicare Part B or Medicare Part D premiums. 10% – $0 to $23,200 12% – Over $23,200 to $94,300 22% – Over $94,300 to $201,050 24% – Over $201,050 to $383,900In 2024, if your income is more than $103,000 per year, you’ll pay an IRMAA of $12. They are typically announced in October of the preceding year by the Centers for Medicare & Medicaid Services (CMS). The IRMAA calculation takes the AGI and tax filing status and compares it to these thresholds. This can add up to $839 more a year for Part B — in addition to the. What are IRMAA Brackets: Social Security defines IRMAA Thresholds as: Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. Among other provisions, the Rate Announcement includes the following: Payment Changes/Growth Rates: The effective growth rate for 2024 MA non-End-Stage Renal Disease (ESRD) rates is 2. Individuals making more than $91,000 will pay a higher amounts. CMS just announced the updated Part B premiums for 2023. The Part B basic premium in calendar year 2023 is scheduled to be $164. g. 2024 IRMAA Brackets. However, for those above the IRMAA threshold, premiums range between $230. IRMAA rates for 2022. Medicare Shared Savings Program Saves Medicare More Than $1. In fact, the Trustees are reporting that every other new enrollee for the next 8 years will enter into IRMAA and will be subject to higher costs. 80 from $164. The annual deductible for all Medicare Part B beneficiaries will be $240 in 2024, an increase of $14 from the annual deductible of $226 in 2023. Catch-up contributions serve as one such strategy where individuals aged 50 or over are allowed additional contribution towards their workplace retirement. Calendar Year 2024 Participation in the Medicare Advantage Value-Based Insurance Design Model: Innovating to Meet Person-Centered Needs. Learn more about Medicare. If I have 2022 earnings of $202,001 then I would go to the next IRMAA tier in 2024 and pay the increased Plan B premium in 2024. Days 61-90: $400 ($408 in 2024) copayment each day. Remember the income listed is for 2022. 2023 IRMAA Brackets. Maximum Capital Gains Rates For married individuals filing joint returns and surviving spouses, the maximum zero rate amount for 2024 is projected as $94,050, versus $583,750 for the maximum 15. 035: Initial IRMAA Determination Notices: TN 28. In the CY 2024 MA and Part D Advance Notice, CMS proposed updates to payment factors for CY 2024 and received a wide variety of comments on our proposals. 70: More than $103,000 and up to $129,000:The standard Part B premium for most people in 2024 is $174. Monthly Premium . Example: Spreading out withdrawals In the CY 2024 MA and Part D Advance Notice, CMS proposed updates to payment factors for CY 2024 and received a wide variety of comments on our proposals. For Part D, the IRMAA surcharges range from an additional $12. Here are the 2024 IRMAA amounts for married taxpayers that file separately: Part B Coverage. Foreign Per Diem Rates In U. The first step for MFJ is not bad, but the following steps are much larger hits, and the thresholds for someone who is single are much lower. We don’t know the 2024 or 2025 thresholds yet, but keeping 2023 MAGI as low as possible can avoid or minimize higher Medicare premiums for 2025. 25, to $164. The Medicare Part B premiums, the IRMAA brackets and add-on were just announced. The 2023 bracket increase should be higher than last year, due to inflation. At the time of this report the average annual rate of inflation was higher by 5. The most common circumstances for a New Initial Determination are the life changing events listed on Form SSA-44, with stopping or reducing work the most obvious one. Medicare Part B premiums and their income-related monthly adjustment amounts (IRMAAs) are based on modified adjusted gross income from two calendar years prior. Retirement is a Life Changing Event that allows a person to consider appealing their IRMAA. It ranges from $58. The AMT exemption amount for tax year 2024 for single filers is $85,700 and begins to phase out at $609,350 (in 2023, the exemption amount for. While the standard monthly premium for Medicare Part B in 2023 is $164. IRMAA may be reassessed under certain circumstances if an appeal is submitted. Starting January 1, 2024, if you have Medicare drug coverage (Part D) and your drug costs are high enough to reach the catastrophic coverage phase, you don’t have to pay a copayment or coinsurance. File individual tax return. The. 4% for each type of tax filer for 2024, such as those filing separately or as married couples. 80 and $560. The income-related monthly adjustment amount (IRMAA) sliding scale is a set of statutory percentage-based tables used to adjust Medicare Part B and Part D prescription drug coverage premiums. 3741667. 90 in 2023. In 2023, the basic premium for Medicare Part B is $164. 84%. 7%. The standard deduction is the fixed amount the IRS allows you to deduct from your annual income even if you don’t itemize your tax return. The size of the surcharge is based on a sliding scale and increases with each of five IRMAA-related income brackets. 90 in 2023. After last year’s hefty increase, Medicare beneficiaries are relieved. At a $191,950 taxable income, your effective tax rate is closer to 18%, which is quite reasonable. 49 in 2023 to $55. 60 and $594. These figures change annually with. Bookmark Icon Kipmc7 Level 3 How much do they raise the income limits for each of the tax brackets? Is it by the CPI or some inflation number? For example the. 70. IRMAA is a series of tax cliffs. applicable premium is shown on the right. 10/month in 2022 to $164. Slight increase in Medicare Part D IRMAA payments for some along with changes in the IRMAA brackets due to annual. This expected amount is a decrease of 1. You may file Form SSA-44 if your income has decreased enough since 2021 to move you into a different premium bracket. Best of all, Hushmail is easy to set up and use. Medicare Advantage enrollment is expected to continue to increase in 2024. CMS appreciates the submitted comments and considered applicable comments as we finalized the policies contained in the 2024 Rate Announcement. 40. If it’s before January 1, 2024, you can call us at 1-888-338-7737 (TTY: 711). Let’s break down what this acronym means. IRMAA is based on a Medi c are-specific form modified adjusted gross income (MAGI) from two years ago. Most Medicare enrollees pay the standard premium amounts for Part B (outpatient care) and Part D (prescription drugs). 8 Billion in 2022 and Continues to. Now please keep in mind that at any point between now and the beginning of the 2024 Congress or the current. The costs will go up from the current $164. 50. The income limits for all 2023 tax brackets and all filers will be adjusted for inflation and will be as follows (Table 1). 50 in 2024. Oct 16, 2023The standard monthly premium for Medicare Part B enrollees will be $174. IRMAA is calculated based on tax brackets. CMS appreciates the submitted comments and considered applicable comments as we finalized the policies contained in the 2024 Rate Announcement. Medicare recipients with 2022 incomes exceeding $103,000 (single filers) or $206,000 (married filing jointly) will pay a premium between $244. 2024 tax brackets and federal income tax rates; How to open a CD; Customer. In 2024, costs in the catastrophic phase will change: the 5% coinsurance requirement for Part D enrollees will be eliminated and Part D plans will pay 20% of total drug costs in this phase instead. These figures change annually with. Here are the brackets for 2022: Projected IRMAA brackets for 2023The calculation is a tiered system where the amount of the premium increase depends on the Individual’s income level. 64). The Part D IRMAA brackets remain unchanged. 80 from $164. IRMAA Brackets for 2024. 70 for 2024, an increase of $9. Starting in 2024, each bracket will increase by about 5. Calculate Your Medicare IRMAA Bracket. Medicare beneficiaries should pay a premium2023 Tax Brackets The IRS released the tax brackets based on the annual chained consumer price index values from August 2021 to September 2022. This means federal law asks that a careful tax planner like the OP. The IRMAA income brackets for 2023 start at $97,000 for a single filer and $194,000 for a married couple. SSA requests MAGI information from IRS for the tax year that is two years prior. 50, though this varies based on individual plans. $206,000 or less. The higher your income, the higher the IRMAA you'll pay. The larger 2024 standard deduction is $14,600 for individuals, up $750 from this year's amount. The IRS on Aug. Part B premiums are expected to increase 6. Please reference our article with Important Tables for 2023 to see the Federal Income Tax Brackets and IRMAA thresholds. Sep 26, 2023. Those close to the thresholds may be able reduce their 2024 and 2025 premiums (based on 2022 and 2023 MAGI, respectively) by realizing. 10), which led to higher premiums for higher-income beneficiaries. 80 in. Location: Arlington Heights. At higher incomes, premiums rise, to a maximum of $594 a month if your MAGI exceeded. The government will apply the 2024 IRMAA bracket to the OP's 2022 MAGI to determine the OP's Medicare "Income-Related Monthly Adjustment Amount" (IRMAA) for 2024. The annual deductible for all Medicare Part B beneficiaries will be $240. Decrease in Part B premium, IRMAA brackets adjusted, and a new option for beneficiaries who have received a kidney transplant. 80 from $164. 70 for 2024, an increase of $9. Medicare Dot Gov WebsiteSimply put, IRMAA is considered a cliff penalty because even one dollar over the limit could cost you three to four times more for the same Medicare services. These federal. Oct 12, 2023. Most other Medicare Part D beneficiaries earning over $103,000 individually or over $206,000 for couples filing joint will see a small increase in their Part D IRMAA payments. 50 in 2024. The standard monthly premium for Medicare Part B enrollees will be $174. The Finance Buff's IRMAA estimate for 2024 is missing 14 months of inflation data at this point so I would follow his advice to "give yourself some margin to. A 40% surcharge on the Medicare Half B premium is about $800/12 months per individual or about $1,600/12 months for a married couple each on Medicare. Projected 2024 Tax Rate Bracket Income Ranges. The Part D IRMAA in 2024 will range from $12. 2023 Tax Brackets and Rates. Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. The Centers for Medicare Services is announcing the 2024 IRMAA Thresholds now that the August CPI-U is official. Calculate Your Medicare IRMAA Bracket. IRMAA Percentage Tables, Medicare Part B Premium Year 2023 The increases in the various IRMAA brackets have ranged from 4. Suppose you're single and your 2021 modified adjusted gross income (MAGI) placed you at the top of the first 2023 IRMAA bracket, which is $97,000 to $123,000. Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. Stay informed, save money!IRMAA stands for the Income Related Monthly Adjustment Amount that is added to some people’s Medicare premiums. Premiums can be higher or lower than the basic premium for enrollees who receive Part B benefits through the Medicare Advantage program. 50. Income (MAGI) in 2020 determines which bracket applies. The chart below shows the 2023 Part B IRMAA according to the income of the beneficiary. Larger-income Medicare beneficiaries additionally pay a surcharge for Half D. 010. I cover IRMAA in 2024 2025 Medicare IRMAA Premium MAGI Brackets. The IRMAA Brackets in 2019 were: As it can been seen since 2007 the IRMAA surcharges have grown over time and in some ways they have grown substantially. Married couples filing jointly and making over $182,000 will also pay higher. The Inflation Reduction Act also includes other provisions designed to decrease spending for Part D enrollees and taxpayers. 70 for 2024, an increase of $9. The surcharge you pay in year N+2 is based on your AGI in year N, but will be the year N+2 amount. Keep an eye on CMS announcements and updates to stay informed about changes in premiums and income brackets. Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. The actual tax on your benefits is much less. The higher the beneficiary’s range of modified adjusted gross income (MAGI), the higher the IRMAA. For full coverage in 2024, IRMAAs range. 20/month from $170. The projected average total Part D beneficiary premium is projected to decrease by 1. Example: Spreading out withdrawalsIn the CY 2024 MA and Part D Advance Notice, CMS proposed updates to payment factors for CY 2024 and received a wide variety of comments on our proposals. The surcharge for Part B can take your 2021 premium from $148. The table below shows the sum of the Part B Premium, Part B IRMAA, and Part D IRMAA for the higher income brackets for 2024. If your income is above a certain limit ($97,000 if you file individually or $194,000 if you’re married and file jointly) (in 2024, $103,000 if you file individually or $206,000 if you’re married and file jointly), you’ll pay an extra amount in addition to your plan premium (sometimes called “Part D-IRMAA”). 1) However, the premiums for Part B (medical insurance) and Part D (prescription drug insurance) can vary between individuals based on their income level. The IRMAA 2023 threshold for married couples is $194,000. If inflation is 0% from June 2022 through August 2023, these will be the 2024 numbers"The tax brackets for the 2024 tax year, set by the 2017 Tax Cuts and Jobs Act, aren't changing, but the cutoffs for each band of taxation will shift higher. The 2023 bracket increase should be higher than last year, due to inflation. We live in a world where taxable income is more important than gross income because it dictates our income tax bracket. What are the IRMAA brackets for 2023 and 2024? The IRMAA income brackets for 2023 start at $97,000 ($103,000 in 2024) for a single person and $194,000. 00. This was a one time event and our income went back to normal in. 2025 IRMAA BracketsHigh-income surcharges for 2022, officially known as income-related monthly adjustment amounts or IRMAA, are based on income reported on 2020 federal tax returns. The maximum zero rate amount cutoff is $89,250. 30 each, a combined amount of $1,156. How much more depends on how much you exceed these numbers. According to the IRS, the required contribution percentage is 8. That’s equal to a 32% tax rate on my $5,000 in capital gains. What are the Medicare IRMAA brackets for 2024? 2024 IRMAA Brackets and Rules. The Premium Amounts per IRMAA Bracket: According to the Medicare Board Trustees Report from 2019, the surcharges will inflate at as follows through 2028: Part B – 6. That beneficiary bracket would pay $157. The 2022 IRMAA tiers determine the Medicare premiums to be paid in 2022, not in 2024. They are typically announced in October of the preceding year by the Centers for Medicare & Medicaid Services (CMS). However, you can make reasonable estimates and give yourself some margin to stay clear of the cutoff points. 2024 IRMAA levels will be based on your 2022 tax filings. ee_guy. 49 in 2023 to $55. 43%. 2024 Medicare Part D program compared to 2023, 2022, 2021 and 2020. More info at the link provided for the other cost like IRMAA, Part B. Here are the B and D. File married & separate tax return. Medicare’s IRMAA Brackets from 2007 to 2022. Married Submitting Individually >= $403,000. $527. 60, and an annual total of. 70 a month. Married Filing Jointly. $206,000 or less. CAsage wrote: ↑ Thu Feb 23, 2023 5:38 pm Short answer, convert to the top of the MFJ 24% bracket, and don't worry about IRMAA (it's a relatively small percent tax surcharge, if you look at it that way). In 2025, this annual cap will drop to $2,000 and will be indexed annually thereafter. In 2024, individuals whose income is higher than $103,000 and.