Tax Report: Medicare Part B/D Premiums

Any Medicare premium Income Related Adjustment Amount (commonly known as IRMAA) surcharges due are based on income reported on the tax return from two years prior. There is no phase-out for these surcharges; they will be triggered by being over the threshold for each surcharge bracket by a single dollar. These thresholds are also represented within the Range Calc tool in Scenario Analysis, where they show up as vertical dotted lines on the graph.

Because Peter and Paula aren’t Medicare eligible, this information may not be relevant to them. To hide this section, select the Manage Sections button in the top-right corner of the page, as shown below. From there, the entire table can be hidden or sections can be rearranged as needed using the double teal line icon.