What is a common purpose of health care expenses deductions?

The primary purpose of health care expense deductions is to lower taxable income. When individuals incur health-related expenses, these costs can often be deducted from their total income when filing taxes, thereby reducing the amount of income subject to taxation. This tax relief is designed to alleviate some of the financial burden that individuals face in managing their health care costs. By lowering taxable income, taxpayers can potentially move into a lower tax bracket, leading to additional tax savings.

Health care deductions serve as an incentive for taxpayers to seek necessary medical care without the added stress of high tax bills. Such deductions can encompass a range of expenses, including medical bills, prescription medications, and certain costs associated with preventive care, all of which contribute to the overall goal of enhancing the affordability of healthcare for individuals.