Infertility

IVF and tax breaks next year?

I thought I read somewhere that you can get big tax breaks for doing IVF, especially if it's OOP. That is us, so I hope that it's true. We usually just use the online easy form for our taxes, but if we really get some tax breaks from doing IVF then we'll probably take them to a professional come the new year. Does anyone know if there's any truth to this? Is it at a federal level or is it something that varies from state to state? TIA!
Baby's hb lasted 9wks. Grew to 6wks in size

D&C 4/22/09
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Three unsuccessful IUI's

MFI diagnosed August 2011: 0% morphology

Nov 2011 IVF: BFN

Feb 2012 FET: BFN

Gave up, planned for life without kids

Almost a year later...

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Re: IVF and tax breaks next year?

  • Its actually only if you exceed a certain percentage of your annual income. I cant remember what the percentage is... (my husband and I didnt qualify last year) But its on the Federal level and its not just IVF its all medical expenses. :) hope that helps! GL
    Nothing Lasts forever, so live it up, drink it down, laugh it off, avoid the bullshit, take chances, and never have regrets, because at one point everything you did was exactly what you wanted!
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    Tried Naturally until January 2010
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  • I'm not sure about current tax laws and IVF, but there has been a lot of talk about The Family Act of 2011. Kristen Gillibrand of NY introduced the bill in May and I think it has been sitting around in the Senate for awhile. I don't know much about it, but I believe it gives a tax credit to those going through ART procedures. I think the credit is around $13K??
    Three TI cycles (BFP...miscarriage), five IUI attempts and 2.5 IVF cycles later...BFP!!
    12dp5dt: 765; 15dp5dt: 1979; 17dp5dt: 3379...TWINS!!!!!
    Our perfect baby boys were born at 36w1d!! 








  • It's not just IVF, any medical expenses can be deducted on your income tax return. You have to file an itemized deduction and medical expenses are anything over 7.5% of your adjusted gross income. So, if you make $100k you can deduct anything over $7,500.

    Medical expenses include: health insurance premiums, deductibles, copays, any non-covered medical expenses, milage to and from the facility, parking fees and I'm sure there are others.

    If you have never itemized I suggest you go to irs.gov and research what can be deducted to get the best benefit from itemizing. DH and I have always done our own income tax returns. With the programs they have today it's so easy.

    After 3 years of infertility we were blessed with twin girls through private infant adoption.
    Forever our's October 17th 2012
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  • image Mandy_Lou83:

    It's not just IVF, any medical expenses can be deducted on your income tax return. You have to file an itemized deduction and medical expenses are anything over 7.5% of your adjusted gross income. So, if you make $100k you can deduct anything over $7,500.

    Medical expenses include: health insurance premiums, deductibles, copays, any non-covered medical expenses, milage to and from the facility, parking fees and I'm sure there are others.

    If you have never itemized I suggest you go to irs.gov and research what can be deducted to get the best benefit from itemizing. DH and I have always done our own income tax returns. With the programs they have today it's so easy.

    ditto this

    i've been deducting for the last 2 years

    :(

    image
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    It's been a long journey. TTC since 9/06. multiple IUI's and IVF's and 4 m/c's. IVF#3 = BFP, twins, induced at 34w6d due to baby b passing away (no explanation). Delivered on 35w1d, Baby A - baby girl, and Baby B - baby boy, our little angel.
    MTHFR A1298C & C677T, Immune Issues and Factor II
  • image Mandy_Lou83:

    It's not just IVF, any medical expenses can be deducted on your income tax return. You have to file an itemized deduction and medical expenses are anything over 7.5% of your adjusted gross income. So, if you make $100k you can deduct anything over $7,500.

    Medical expenses include: health insurance premiums, deductibles, copays, any non-covered medical expenses, milage to and from the facility, parking fees and I'm sure there are others.

    If you have never itemized I suggest you go to irs.gov and research what can be deducted to get the best benefit from itemizing. DH and I have always done our own income tax returns. With the programs they have today it's so easy.

    I was just coming in here to say this, but I see Mandy Lou's got it covered.  The silver lining in all of this is I'm almost excited to be able to write off so much on my taxes.  (Of course, I'm also depressed I had to spend that much in the first place... and that I still don't have a baby I can get a child tax credit for.)

    image

    TTC since September 2009.

    IVF #2: +HPT 2/6/12! ~ Boy/Girl Twins!!


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  • You can report any medical expenses (not covered by insurance).  This includes co-pays, OOP treatments, meds, acupuncture, chiropractor, etc. Keep a running tab (and save receipts in case you get audited).  I am guessing it varies state to state but in Colorado, in order to get the tax deduction the total amount has to be 7% or higher of your total income (ie: 7k in expenses on 100k total income).    

     Your RE office as well as chiro, acupunture, etc should have this history and should be able to give you a "super bill" showing all activity for the year.  Pharmacies may be willing to do this for you too.

    I would definitely make the effort if you meet your state's percentages.  Hope this helps!  Lauren

  • If the Family Building Act passes, it would allow you to get a credit (dollar for dollar) of your IVF expenses. So, if you spent $15K, you would get a $15K credit on your taxes. No worries about hitting a certain percentage of your adjusted gross income and not being able to deduct the whole thing. It's currently held up on some committee, as they want to hear more testimony from doctors.

    Here's a link to a petition site where you can create a petition online and send it to your rep. If you want to be heard, you need to act.

    http://www.petitiononline.com/FI200507/petition.html

    Just a guess, but I would imagine if the Act passed in 2012, it would be retroactive to Jan 1, 2012.

    If we all signed the petition, we can make a difference. There are so many of us struggling with this issue.

    Over 40--"advanced maternal age" DH: male factor Getting ready for 2nd IVF.
  • Signed :-)
    Me: 31, DH: 37, TTC #1 since 06/09, dx: Endometriosis diagnosed by Dr during ER
    02/10-low progesterone on 21 day bloodwork (5.2); on hold due to cyst
    04/2010-9/2010 6 failed Clomid cycles with TI (unmonitored)=BFN 4/10 SA= perfect
    8/10-HSG all clear
    9/10-started seeing RE
    10/10-Femara + TI= BFN
    11/2010 through 2/2011 IUI #1-3 Femara + Ovidrel=BFN
    03/2011 through 8/2011 BREAK CYCLES (had 8 babyshower to go to, house remodel, 30th b-day and College Graduation)
    9/2011-Started back to RE, waiting on cycle due to it being late, and work travel had to hold off IUI #4 till 10/2011
    10/2011- IUI #4 on hold due to cyst, 2 weeks BCP
    11/2011- IUI #4 (11-21-2011?) Femara + Follistim + Ovidrel=Converted over to T.I. (NO Trigger) due to too many follicles=BFN
    3 cysts due to follistim cycle
    January 2012=IVF #1 cancelled and converted to IUI #4 due to dominant follicles=BFNN
    IVF 1.2=??? on hold due to cysts, on hold w/o B.C. till they resolve
    br> Aug 2012 IVF 1.2, cyst aspiration 8/7, ER8/16, Dr found Endometriosis in Left tube during ER ER:7, Fert 5, 5DT scheduled 8/21/2012, transfered 2 Blasts, hpt + 8/28/2012, beta 8/31/2012-BFP -21(chemical pregnancy
    IVF #2 October 2012
    ER 10/13/2012, 6R,5M,3F
    10/15/12 ET:3dt 2 embies
    +HPT 6dp 3dt.
    1st beta 10/29/12 Positive 13dp 3dt=654
    2nd Beta: 10/31/2012: 1,836
    3rd beta 11/5/2012 (20dp 3dt:13,655
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