90 for Medicare Part B. (In that program, private insurers. You can make 2023 IRA contributions until the unextended federal tax deadline (for income earned in 2023). will increase from $4,660 in 2023 to $5,030 in 2024. pdf Author: MPB4 Created Date: 1/4/2023 11:28:15 AM. This income is. For. The true cost of Part B that IRMAA beneficiaries pay is 35% for level 1, 50% for level 2, 65% for level 3, 80% for level 4, and 85% for level 5. En español. 60 per month , up from $230. This IRMAA creates a surcharge you must pay in addition to the standard premiums. Greater than $91,000 and less than. See page 5 for detailed information and line-by-line instructions. 2021 income: $88,001 to $111,000 (individual return or filing separately) or $176,001 to. Since he turns 65 mid-year,. Income-Related Monthly Adjustment Amount Total Monthly Premium Amount. If you happen to reach IRMAA in any given year you will be notified by the Social Security Administration. This accounts for around 25 percent of the monthly cost for Part B, with the government (i. Total Monthly Premium Amount. this site may help you out and you can see where I got the $210,000 from. exceed the dollar limit for calendar year 2014 increased by an amount equal to the product of that amount and the premium adjustment percentage for 2024. , see 2022 2023 2024 Medicare Part B IRMAA Premium MAGI Brackets) that 2025 IRMAA tiers, based on 2023 income, will have higher breakpoints due to inflation. In 2022, you may have high income again. 2025 IRMAA Per Person. Any IRMAA penalty would only apply to the months he’s paying for medicare. Then there was another $31. portfolio income from things like capital gains or Roth conversions are not. $0. In its annual report released in March of this year, the Medicare Trustees forecast monthly Part B premiums to increase from $164. 8% in 2024, from $56. 280. If your Modified Adjusted Gross Income (MAGI) as reported on your IRS tax return from 2 years ago (i. IRMAA charges are determined by using the modified adjusted gross income (MAGI) reported on your taxes from two years prior. 00% for IRMAA-Part B and for IRMAA-Part D the surcharges will inflate by 5. If you did not pay more than the standard amount then you are not eligible for IRMAA. My total Medicare Part B premium for 2023 was set to climb from the standard $164. The standard Medicare Part B Premium in 2024 is a $9. IRMAA 2022 annual reimbursements will be issued during the 3rd week of October 2023. 90 in 2023. If your filing status and yearly income in 2021 was. See the chart below to find how much your IRMAA payment will be in 2023. Medicare-eligible retirees and their Medicare-eligible dependents can submit an IRMAA application if they paid above the standard amount of $170. Beneficiaries who are married and lived with their spouses at any time during the year, but who file separate tax returns from their spouses, with modified adjusted gross income: Income-related monthly adjustment amount. And for 2024, the Roth IRA contribution limit is $7,000 for those under 50, and $8,000 for those 50 and older. 70: Greater than $103,000 and less than or equal to $129,000We are clearly above the current $182k MAGI limit, but I read one article that estimates the limit could be $190k for 2021 income when they look back in 2023. $0. Because we have a marginal income tax rate, if you are bumped into the next higher tax bracket, only your extra dollars of income over the limit are taxed at the higher rate. Each year stands on its own. 030: IRMAA Determination Process: TN 3 11-10: HI 01101. The projected average total Part D beneficiary premium is projected to decrease by 1. If one of these events affects a Medicare enrollee, he or she can proactively notify the SSA by using a “ Medicare Income-Related Monthly Adjustment Amount – Life-Changing Event “ form. 20 from $170. If your income has gone down, you may also use Form SSA-44 to request a reduction in your income-related monthly adjustment amount. Plus, individuals with earned income of more than $200,000, or. The amount can change each year. Which bracket you fall into. Married filing joint the MAGI for IRMAA is somewhere near $180000. Premiums can be higher or lower than the basic premium for enrollees who receive Part B benefits through the Medicare Advantage program. Q6. Today, the Centers for Medicare & Medicaid Services (CMS) released the Announcement of Calendar Year (CY) 2023 Medicare Advantage (MA) Capitation Rates and Part C and Part D Payment Policies (the Rate Announcement). IRMAA, again, is a cliff penalty. 2021 Medicare Part D plan premiums, based on income level from 2019, are as follows: Medicare Part D IRMAA. If you are over 63 and have a high income, this Roth conversion calculator shows the projected Medicare Income-Related Monthly Adjustment Amount (IRMAA) you may pay per month starting in 2025. Revenue Service (IRS) tax return from 2 years ago is above a certain amount, you may pay an Income Related Monthly Adjustment Amount (IRMAA). 0 million IRMAA applicability and amounts are recalculated annually. For those unaware of IRMAA, the two-year lag can create unpleasant surprises when you first enroll in Medicare—especially if your. They will pay $164. Depending on your yearly income, you may have an additional IRMAA surcharge. For example, FY 2023 Income Limits are calculated using 2017-2021 5-year American Community Survey (ACS) data, and one-year 2021 data where possible. The decrease in the 2023 Part B premium. RMD Effect Address required minimum distribution (RMD) requirements well in advance of the. 90 (2023). 10Description of the Medicare Income-Related Monthly Adjustment Amount (IRMAA) TN 23 10-23: HI 01101. The majority of seniors impacted by the Medicare premium surcharge are between ages 65 and 80. 70. The first thing you should do is review your income from the relevant year and see how it stacks up against the new IRMAA thresholds. 000 - Medicare Income-Related Monthly Adjustment Amount - Table of Contents - 10/25/2023 Batch run: 10/25/2023 Rev:10/25/2023The standard Part B premium amount in 2023 is $164. $0. $0. The IRMAA income brackets for 2023 determine whether you’ll be subject to the additional surcharge and how much you’ll have to pay. 2023 2024 2025 Medicare Part B IRMAA Premium MAGI Brackets. 20 per month ($410. begins once you reach your Medicare Part D plan’s initial coverage limit ($5,030 in 2024) and ends when you spend a total of $8,000 out-of-pocket in 2024. Once completed contact your local Social Security office for an appointment at. When it comes to the 2025 IRMAA Brackets there is one fact that should stand out – IRMAA is a tax on income that generates revenue for the federal government. For 2023, contribution maxes to 401(k)s jumped to $22,500 with an increase in the catch-up contribution to $7,500 for those over 50. IRMAA surcharges for Part B are also. 2023 IRMAA Brackets. Overview of the 2024 IRMAA Brackets Individual $103,000 or less/MFJ $206,000 or less – No surcharge To illustrate this challenge, note that numerical examples here use the 2023 tiers, based on 2021 income, but it is likely (e. 80 more than. " So, it seems like it should be "very safe" to use 212k for planning purposes in 2023 to stay out of IRMAA trouble in 2025. The projected average total Part D beneficiary premium is projected to decrease by 1. Kaiser Family Foundation Medicare Policy Issue Brief ,. For 2024, the Part B premium is $174. That 1 dollar in extra income can cost a married retired. 90 (down from $170. 90 premium + $164. Less than or equal to $88,000 . The following are the income thresholds that apply for the 2023 tax year: Part B IRMAA Brackets : Individuals with a 2021 income of $97,000 or less (or married couples filing jointly with an income of $194,000. Greater than $103,000 and less than. $97,000 or less. The table below shows the income limits and potential Medicare Part B premiums for 2023: And for a comparison, the table below shows the income limits and potential Medicare Part B premiums for 2024: Call +1 800-772-1213. 36%. For those with an income filing status of married filing jointly, the first IRMAA income bracket is. You pay each month (in 2023) $97,000 or less. 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 in 2023). According to the Centers for Medicare and Medicaid Services, the 2022 Medicare. $0. If your income is above a specific. 70 (normal $164. the beneficiary’s adjusted gross income (AGI) (found on line 11 of the Internal Revenue Service (IRS) tax filing form 1040), plus. 00. The following are the income thresholds that apply for the 2023 tax year: Part B IRMAA Brackets : Individuals with a 2021 income of $97,000 or less (or married. 020: IRMAA Sliding Scale Tables: TN 27 10-23: HI 01101. The IRS is introducing new income limits for its seven tax brackets, adjusting the thresholds to account for the impact of inflation. Nov 2, 2023The 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. $94,500/$85,000*249. If you retire in 2022, CMS may not look at your 2021 tax return, which will help you avoid IRMAA that year, but it may look at your income in 2022 for the year 2023. Remember you read them here first! 👇. 90 per month. $0. The maximum total Part B premium in 2023 will be $560. As it can be seen through the changes from 2007 to 2011, thankfully, the IRMAA income thresholds increased by roughly 1. That surcharge is known as an Income-Related Monthly Adjustment Amount, aka IRMAA. 00. This means that the IRMAA Brackets, by law, will increase at the same rate. $0. 00 to $408. 2. 60. Our partners use Canada Mortgage and Housing. IRMAA surcharges have grown steadily. 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. 280. tax-exempt interest income (line 2a of IRS Form 1040). The Medicare Income-Related Monthly Adjustment Amount (IRMAA). To prepare for 2023, check your income from 2021 and compare the new thresholds. 2024 IRMAA Updates: The standard Medicare Part B premium is set at $174. IRMAA concerns for 2025. In 2023, it can more than triple Part B premiums to as much as $560. 2021 Extra Help Income Limits: Full Subsidy––Below 135% of poverty guidelines (below $17,388. Most people pay the standard Part B premium amount. 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. “The higher premiums are referred to as an Income-Related Monthly Adjustment Amount or IRMAA, and in 2021, IRMAA surcharges apply to individual Medicare beneficiaries who earn more than $88,000. 00% in 2024. And the income ceiling for contributions to Roth IRAs was also raised to account for inflation. Less than or equal to $103,000. 70 (normal $164. My total Medicare Part B premium for 2023 was set to climb from the standard $164. Step 3: Compare Your MAGI to the IRMAA Thresholds. 2023 Medicare Advantage ratebook and Prescription Drug rate information. 80 from $164. 60. Donors age 70½ or older may use qualified charitable distributions. 70. Monthly Medicare Premiums for 2023. 6)The 2023 IRMAA is based on 2021 tax returns; the 2024 IRMAA will be based on 2022 tax returns. will increase from $505 in 2023 to $545 in 2024. $0. 10. Consequently, people with an annual income under $170,000 who are at the low end of their 2021 IRMAA income bracket could see a decrease (-26% to -100%) in their IRMAA payments as they are moved to a lower 2022 IRMAA income. According to the Medicare. 10, that. Looks like the avg inflation will be more than 3% for 2023. 3 For 2023, the base premium for Part B is $164. Beneficiaries who are married and lived with their spouses at any time during the year, but who file separate tax returns from their spouses with modified adjusted gross income: Income-Related Monthly Adjustment Amount. IR-2023-203, Nov. 2023 IRMAA Brackets. Please check my thinking on a couple of things: 1. If your yearly income in 2021 was File individual tax return File joint tax return File married & separate tax return You pay (in 2023) $97,000 or less $194,000 or less $97,000 or less Your plan premiumMarried Submitting Collectively: >= $750,000. Filing Joint Tax Return. 90 premium + $164. 70 per month in 2024. 80 from $164. The tax return from two years ago year is used. IRMAA surcharges. The. 0% annually (0. Note: unfortunately, the previous 2 Medicare Board of Trustees Reports (2022 and 2021) due to circumstances on coverage and Covid-19 do not reflect. 20, depending on income. 90 in 2023. IRMAA can apply to either Medicare Part B or Medicare Part D premiums. Joint filers should each submit one. 40, bringing the total monthly cost for Part B to $504. 50 a month or $6,732. as income rises from level one to level five, the premium subsidy is reduced. Supply: Medicare Prices, Medicare. 00. In 2023, the standard premium for Part B is $164. 20 to $76. The income brackets that trigger IRMAA surcharges increased from $86,000 for single taxpayers and $176,000 for married couples in effect in 2021. (In 2023, the threshold will be $97,000 for individuals filing a single return and married individuals filing a separate return, and $194,000 for married individuals filing a joint return. . pdf Author: MPB4 Created Date: 1/4/2023 11:28:15 AM. The additional amount added to your premiums is called the income-related monthly adjustment amount (IRMAA). 90 a month to $329. If you had a major life-changing event and your income has gone down, you may use this form to request a reduction in your income-related monthly adjustment amount. 6 billion in 2023 from Medicare beneficiaries in IRMAA. The revenue brackets are the identical. The Part B premium will increase to $148. 80 for a total of $3955. Like Medicare Part B, Medicare Part D prescription drug plans use the IRMAA to determine plan premium costs by income level. For 2023, IRMAA kicks in if your 2021 MAGI was over $97,000; for married couples filing joint tax returns, above $194,000. 25% per month) for July through September 2022. $0. $170. The minimum income limits are suggested levels to ensure rent does not exceed 30% of annual income. However, for those earning. Affordable rental housing is housing with rents equal to, or lower than, average rates in the private-market. More than or equal to $500,000. 3. Greater than $103,000 and less than $397,000. Less than or equal to $194,000. 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. CMS’s goals for Medicare Advantage and Part D mirror our vision for the agency’s programs as. $144. The table below shows the income limits and potential Medicare Part B premiums for 2023: And for a comparison, the table below shows the income limits and potential Medicare Part B premiums for 2024:Available in most U. $0. the Low-Income Subsidy program (LIS) under Part D will be expanded so that beneficiaries who earn between 135 and 150 percent of the federal poverty level and meet statutory resource limit requirements will receive the full LIS. extra amount is called the Part D Income Related Monthly Adjustment Amount, sometimes called “Part D IRMAA”. The categories of income for Medicare IRMAA 2023 are the same for both Part B and Part D, but the amount of IRMAA you must pay in each category isn’t the same. The Medicare Part B deductible will increase to $240 in 2024. This optional form is filled out once per person. But only a small percentage of all Medicare recipients have incomes high enough to warrant charging this amount. Unlike Part B, the Part D IRMAA brackets will remain the same in 2022. Thanks,. 70. For example, in 2023 the IRMAA brackets look like this: For example, in 2023, if a married couple on Medicare had income of $194,000 in 2021, each person will pay $164. Understand your Medicare coverage in 2023. 70 for 2024, an increase of $9. However in 2023, 2024, and 2025 there is no maximum income limit, and premiums are limited to 8. Call TTY +1 800-325-0778 if you're deaf or hard of hearing. People who qualify for Medicaid automatically qualify for Medicare Part D Extra Help. Total Monthly Premium. At your current income level, in 2024, you would pay just around $3,506 in annual Medicare premiums combined for Part B ($2,935) and Part D (around $571 on average). The 2024 IRMAA Brackets. No one knows. NF1135 2023 IRMAA Notice. 80 and $560. July 29, 2022 announcement of 2023 Part D National Average Monthly Bid Amount, Medicare Part D Base Beneficiary Premium, Part D Regional Low-Income Premium Subsidy Amounts, Medicare Advantage Regional Benchmarks, and Income. If your income exceeds certain thresholds, you could be subject to the income-related monthly adjustment amount (IRMAA). If you file individually or as head of household, the income limits are as follows: – If MAGI is between $88,001 and $111,000 – monthly adjustment amount tier 1. Then 2023 for 2025; 2024 for 2026; and so on. Medicare recipients with 2022 incomes exceeding $103,000 (single filers) or $206,000 (married filing jointly) will pay a premium between $244. 50 for 2019, an increase of $1. (The Part D enrollee shares reflect costs paid by enrollees who are not receiving low-income subsidies. Increases have ranged from 4. The table below shows the income limits and potential Medicare Part B premiums for 2023: Filing Individual Tax Return. What about IRMAA? Thanks to the decrease in the standard premium, the income-related monthly adjustment amount (IRMAA) is slightly lower as well. If you are unsure why you are paying an IRMAA, you can call the Social Security hotline at 800-772-1213. For individuals the first $250,000 capital gain and for couples the first $500,000 capital gain does not count towards IRMAA. The income limit to contribute the full amount to a Roth IRA in 2024 is $146,000, up from $138,000 in 2023. 50 a month or $6,732 for the year. 1105. In 2024, that standard Part B premium sits at $174. 90 per month for those in the lowest income-adjustment bracket. 50 a month extra for Part D drug coverage, although I take no medications. Your Part D Premium will depend on the plan you choose. $194,000 or. are considered Medicare Part D plans and members with higher incomes may be subject to the Medicare Part D Income Related Monthly Adjustment Amount (IRMAA. 847, for the Sep. For 2023, this figure is $128,810. The standard monthly premium for Medicare Part B enrollees will be $164. Beneficiaries who are married and lived with their spouses at any time during the year, but who file separate tax returns from their spouses with modified adjusted gross income: Income-Related Monthly Adjustment Amount. The issue, though, is that your Social Security benefit pays for these IRMAA surcharges automatically. The standard monthly premium for Medicare Part B enrollees will be $174. 10 for. 40 to $77. Less than or equal to $103,000. For Part D, the IRMAA surcharges range from an additional $12. 4% in 0224 00:27. Your reported income from two years prior (2022) determines any IRMAA you’re required to pay in 2023. also, based on no inflation, to avoid IRMAA, the 2023 Joint filing income limit is estimated to be $210,000. The standard monthly premium for Medicare Part B enrollees will be $174. 0960-0784 . 90 in 2023. The usual Half B premium is $164. Income-related monthly adjustment amount. For example, the highest income bracket for Part B now starts at $750,000 of MAGI, instead of $500,000. For 2023, the amount an individual can contribute via payroll deduction to defined contribution plans (a 401(k), 403(b), 457 retirement plan or the Thrift Savings Plan) increases to $22,500, an increase of. 15 for generic prescriptions and $10. The 2024 IRMAA MAGI income limits are straightforward: $103,000 for individuals and $206,000 for joint filers. 70 for 2024, an increase of $9. Here are the brackets for 2022: Projected IRMAA brackets for 2023. In other words, the highest earners could. This amount is calculated using your income tax information. 10 in 2022 and that’s just a one-time charge!I updated my 2024 projections for retirement account contribution limits, Social Security COLA, and Medicare IRMAA income brackets from the latest inflation numbers. You’ll pay the premium each month, even if you don’t get any Part B-covered services. 00. IRMAA tiers are based upon income and tax filing status. Ultimately the cost (tax) for having too much money while in Medicare is only going to increase in 2024. There are five IRMAA-related MAGI brackets for Part B for those filing single as well as for those who are married filing jointly. Total monthly premium amount. 80 from $164. The income-related monthly adjustment amount (IRMAA) has increased to $97,000 for individuals and $194,000 for couples. If your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount, you'll pay the standard premium amount and an Income Related Monthly Adjustment Amount (IRMAA). Your filing status makes a difference too. 50, imposed on modified adjusted gross incomes equal to or greater than $500,000 for individuals and $750,000 for married couples filing jointly. Medicare Part D. In 2022, the standard monthly premium for Part B is $170. Medicare Part B Premium 2023 Medicare Part D Premium 2023; $0 – $97,000: $0 – $194,000: $0 – $97,000:. 5 For Married Filing Separately: Those with MAGI from 2021 of $97,001–402,999 are subject to a surcharge of $362. B. Beneficiaries who are married and lived with their spouses at any time during the year, but who file separate tax returns from their spouses, with modified adjusted gross income: Income-related monthly adjustment amount. this site may help you out and you can see where I got the $210,000 from. Any premium increase above the standard amount is referred to as IRMAA, which stands for Income-Related Monthly Adjustment Amount. Less than or equal to $97,000. Beneficiaries who file individual tax returns with modified adjusted gross income: Beneficiaries who file joint tax returns with modified adjusted gross income: Income-Related Monthly Adjustment Amount. The standard Part B premium in 2023 is $164. Initial Coverage Limit : will increase from $4,430 in 2022 to $4,660 in 2023. 60. $97. The good news, however, is that the IRMAA brackets are also indexed for inflation. If they have income of $194,001, (just $1 more!) they will each pay $230. The current Medicare costs and IRMAA brackets can be found at this link. IRMAA is a surtax that increases with higher levels of income. Less than or equal to $97,000. Your 2021 income will determine your 2023 IRMAA payments. 90 to $395. So, whether or not you owe IRMAA in 2023 is based on your Modified Adjusted Gross Income in 2021. 80 and $560. 92% on average per threshold. You pay higher Medicare Part B and Part D premiums if your income exceeds certain thresholds. Beneficiaries who file an individual tax return with income: Beneficiaries who file a joint tax return with income: Income-related monthly adjustment amount Total monthly Part B premium amount; Less than or equal to $103,000: Less than or equal to $206,000: $0. For 2022. 80 IRMAA surcharge) Medicare Part D Premium: $31. The standard monthly premium for Medicare Part B in 2023 is $164. 030: IRMAA Determination Process: TN 3 11-10: HI 01101. In other words, the highest earners could. How much is the Medicare premium for 2023? on your income. This. October 12, 2023 in Taxes. $0. 20 to your 2022 monthly Medicare Part B premium, increasing it from $170. IRMAA thresholds are adjusted for inflation each year. 50 could be added to your Part B premium, and a maximum of $76. gov. In 2024, if your income. Greater than $103,000 and less than $397,000. The percentage paid by high-income beneficiaries ranges between 35 and 85 percent, depending on their income as reported. The annual contribution limit for a traditional IRA in 2023 was $6,500 or your taxable income. Medicare’s IRMAA Brackets from 2007 to 2022. 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. The income threshold in 2023 sat at $97,000 (or $194,000 for those filing jointly). 65%. Greater than $103,000 and less than. Per the table below, IRMAA can add $68. The Social Security Administration (SSA) uses Federal income tax return information from the Internal Revenue Service (IRS) about beneficiaries’ modified adjusted gross income (MAGI) to make IRMAA determinations (see HI 01101. 90 for those in that bracket. Your annual income: Your monthly premium in 2023: Individuals: Couples: Equal to or below $97,000: The table below shows the income limits and potential Medicare Part B premiums for 2023: Filing Individual Tax Return. From 2022 to 2023 the CPI-U, if inflation remains constant, will increase by 5. 84%. – 7 p. Title: irmaa-notice-2023. Retirement plan at work: Your deduction may be limited if you (or your spouse, if you are married) are covered by a retirement plan at work and your income exceeds certain levels. CMS’s goals for Medicare Advantage and Part D mirror our vision for the agency’s programs as. There is no asset or income limit that disqualifies otherwise eligible people. A widow with a fixed retirement income of $95,000. IRMAA tiers. , 2022) is above a certain amount, you’ll pay the standard premium amount and an Income Related Monthly Adjustment. The annual 2023 deductible for all Medicare Part B beneficiaries is $226 - a $7 decrease from the 2022 of $233. The income that counts is the adjusted gross income you reported plus other forms of tax-exempt income. Just watch what conversions will do to ACA premiums each year. The COLA in 2024 is likely to cover the full Part B premium for most people. 10. g. 70, increasing by about $9 from the previous year. B. Your premium is based on gross income (MAGI). Your 2023 IRMAA is based on your 2021 Federal tax filing. The 2023 IRMAA surcharge for Part B can cost $395. 031: How IRMAA is Calculated and How. $103. If. I don’t know ACA limits at all. 00. File individual tax return. The income-related monthly adjustment amount (IRMAA) is a sliding scale created by the Social Security Administration to adjust Medicare Part B and Part D prescription drug coverage premiums. IRMAA Brackets. That amount changes from year to year, but it's generally consistent for most Medicare enrollees. 90 in. While 2023 IRMAA rates haven’t been finalized, we expect they will increase slightly. 90. 60. 10Current IRMAA bracket limits are wider than they were before, but you want to be prepared for Medicare premiums to jump if you’re considering selling stock, taking a large IRA distribution, or converting to a Roth IRA – anything that could possibly contribute to an increased income tax bracket. IRMAA stands for the Income Related Monthly Adjustment Amount that is added to some people’s Medicare premiums. $194,000 or less. Our 2021 income was going to escalate my premiums by two levels with Aunt IRMAA—or so I was initially informed. To figure out your amount of IRMAA income simply look at lines 2a and 11 of your 2022 IRS form 1040. If your yearly income in 2022 was: File individual tax return File joint tax return File married & separate tax return You pay (in 2024):In 2023, individuals with modified adjusted gross income of $97,000 or more and married couples with MAGIs of $194,000 or more will pay additional surcharges ranging from an extra $65. 90 per month.