Yes, IRMAA is allowed as a medical deduction on Schedule A, which could come off against your adjusted gross income (AGI).
Put the amount in Medicare D Premiums Deducted From Your Benefit. See the below screenshot.
These are the amounts your itemized deductions must be higher than to start making a difference in your taxes:
- $12,000
Single or Married Filing Jointly
- $18,000
Head of Household
- $24,000
Married Filing Jointly or Qualifying Widow(er)
- $+1,800
Extra for blind or over 65
