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What is the purpose of the Medicare tax deduction?

User Dr Herbie
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2 Answers

7 votes

Answer:

The money goes into a fund for medicare, which provides medical assistance for people over the age of 65 and in some cases younger.

User Mike Dooley
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7 votes

Answer:

these deductions give you a tax break allowing you to lower your tax liability for a year.

User Iklinac
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