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We took out a loan to pay for braces for our child do we consider the entire cost we are paying on or only the amount we have paid so far as a deduction

 
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We took out a loan to pay for braces for our child do we consider the entire cost we are paying on or only the amount we have paid so far as a deduction

As long as you are obligated to repay the loan, you consider a medical bill paid when the provider is paid, whether with cash or with a loan or credit card that you are obligated to repay.

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