Medicare Part D Premium 2024 Based On Income Tax Return. For example, when you apply for medicare coverage for 2024, the irs will provide medicare with your income from your 2022 tax return. The income tax department has established dispute resolution committees (drcs) in 18 principal commissionerates as part of the electronic dispute resolution.

You can only deduct medical expenses. If you have medicare part b and/or medicare part d prescription drug coverage, you could owe a monthly surcharge based on an income related monthly adjustment amount.