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Deductions For People On Medicare. For taxation purposes a person can claim a Medicare Deduction to help minimize the amount of taxes that they owe. That is that if a person is required to pay a substantial amount of costs as per there Medicare plan, those costs can be offset by the tax deduction.
Instead, you can only deduct the portion of your medical expenses in excess of 10 percent of your adjusted gross income, or AGI. For example, if you have an AGI of $60,000, the first $6,000 of your medical expenses isn't deductible. If you have $7,500 in medical expenses, you could only write off $1,500.he medical expenses deduction is an itemized deduction, which means you can't claim it unless you give up your standard deduction and itemize. Plus, the medical expenses deduction isn't a dollar-for-dollar deduction.