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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.
Deductibility. The Internal Revenue Service considers Part B premiums a medical expense.. If you itemize your tax deductions, you can deduct total medical and dental expenses greater than 7.5 percent of your adjusted gross income.art B is a supplemental insurance program within Medicare that pays for treatments and procedures not covered by Medicare's basic program, known as Part A, which applies to care received in hospitals and nursing homes. Medicare recipients have to pay premiums for Part B coverage.