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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.
The standard deduction is the simplest way to deduct medical costs from your taxes. Rather than totaling all of your allowable deductions, you can simply subtract the standard deduction from your adjusted gross income. In 2010, the standard deductions were $5,700 for single taxpayers, $11,400 for married couples and $8,400 for head of household taxpayers. In certain situations, you can take an even higher standard deduction.