Page 12 - Supplement to Income Tax 2020

Recent Tax Developments*

2018 MAGI and Filing Status Determine 2020 Medicare
Premiums and Surcharges
Single, head of
household, qualifying
widow/widower, and Married filing separately Surcharge added
married filing separately Married filing jointly for if lived together at any Monthly Part B premium to monthly Part D
if lived apart all of 2018 2018 time in 2018 for 2020 premium for 2020
$144,60 standard
premium (unless
$87,000 or less $174,000 or less $87,000 or less NONE
premium is less due to
the “held harmless” rule)
$202.40
$87,001 through $174,001 through See below (includes $12.20
$109,000 $218,000
$57.80 surcharge)
$289.20
$109,001 through $218,001 through See below (includes $31.50
$136,000 $272,000
$144.60 surcharge)
$136,001 through $272,001 through See below $376.00 $50.70
$163,000 $326,000 (includes
$231.40 surcharge)
$163,001 through $326,001 through $87,001 through $462.70 $70.00
$499,999 $749,999 $412,999 (includes
$318.10 surcharge)

$500,000 or more $750,000 or more $413,000 or more $491.60 $76.40
(includes
$347.00 surcharge)

8 | Supplement to J.K. Lasser’s Your Income Tax 2020