With tax season approaching I thought I'd share this little bit of information that I just received from my RE's office.
Many of the IVF expenses are tax deductible! Information is available in IRS Publication 17 ? ?Your Federal Income Tax? and IRS Publication 502 ?Medical and Dental Expenses? .Certain medical expenses may be deducted if you itemize on Schedule A (Form 1040). Deductions which apply to IVF are:
Fees for fertility enhancement (procedures such as in vitro fertilization, including temporary storage of eggs and sperm)
Fees for doctors and surgeons (sonograms, egg retrieval, anesthesia)
Fees for hospital services, laboratory, surgical, obstetrical, nursing and x-ray services (blood tests, sperm evaluation)
Cost of transportation for needed medical care (air fare, mileage -22 cents/mile for 2006- or out of pocket expenses ?cost of gas, oil- not including general maintenance expenses)
Medical and hospital insurance premiums
Prescribed medicine (all IVF drugs)
Lodging necessary for medical treatment ($50/night per person ? limited to two people ? the person receiving treatment and a companion)
Me- 32, DH- 32- TTC for 4 Years
IUIs 1-6 BFN
IVF #1= BFP- M/C
FET- Beta#1: 69, #2: 482, #3: 1088, #4: 28,318, Ultrasound- 1 beautiful heartbeat
It's a boy!