Magi Medical Income Limits 2025 Magi Income Limits

Magi Medical Income Limits 2025 Magi Income Limits. What are the income limits for medicare in 2025? If your magi is $77,000 or less, you can deduct that full $7,000 from your taxable income on your 2024 tax return (filed in 2025).

To determine irmaa, social security looks at the modified adjusted gross income (magi) amount reported on your irs tax return from 2 years ago to determine whether you’ll pay irmaa. Irmaa thresholds are based on your modified adjusted gross income (magi).