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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.
Federal income taxes, FICA and Medicare are required deductions from your paycheck. Some states and cities require additional deductions for state and city income taxes. Other deductions such as contributions to retirement accounts or savings plans, however, are voluntary.