$25.00 
Learn more
Submitted By: someone
Answered: May 30, 2018 11:38 pm
Answered: May 30, 2018 11:38 pm
How can I know whether I’ll be subject to the Medicare surcharge next year?
Medicare beneficiaries with modified adjusted gross income (MAGI) over a set amount ($85,000 for single individuals and $170,000 for married persons filing jointly) pay an additional Part B and Part D premium. MAGI in 2017 is what is used to determine whether there’s an additional premium in 2019. MAGI for this purpose means your adjusted gross income plus tax-exempt interest income.
advertisement
Featured Books
Tax Glossary
Amount realized
A statutory term used to figure your profit or loss on a sale or exchange. Generally, it is sales proceeds plus mortgages assumed or taken subject to, less transaction expenses, such as commissions and legal costs.
