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 5 for a life insurance premium payment, does that count too??
Thanks!!
Fo anyone else looking for this same type of info I found a pdf document on the irs website that answers my questions. Thanks for thoes who answred in Yahoo!
http://www.irs.gov/pub/irs-pdf/p502.pdf
Chosen Answer:
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.
