We've got 1766.30 in dental bills that were paid with a credit card in 2006. Can they be counted as a medical expense for itemizing taxes? Also, have $115 for a life insurance premium payment, does that count too?? Thanks!!
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Any unreimbursed medical expenses are tax deductible up to a certain limit. I'm not sure what is the exact number is, probably around 7%. As for life insurance premiums, they are not tax deductible.
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