MAGI for IRMAA

smang07
smang07 Member Posts: 1 Newcomer
in Live Q/A Event

Does nontaxable regular Social Security count towards MAGI for IRMAA purposes?

I believe it does not.

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Answers

  • TRobinson
    TRobinson FreeTaxUSA Agent Posts: 6

    Hello!

    The Social Security Administration website states the following are included in the MAGI for IRMAA

    • the beneficiary’s adjusted gross income (AGI) (found on line 11 of the Internal Revenue Service (IRS) tax filing form 1040), plus
    • tax-exempt interest income (line 2a of IRS Form 1040).

    Since the nontaxable portion of the social security would typically not be included on line 11 of a tax return, this will generally not be included in the MAGI for IRMAA.

    The following link has a bit more information about the MAGI

    https://secure.ssa.gov/poms.nsf/lnx/0601101010

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