Ivf and taxes

khochanadel · January 2016

This is the first year we'll be looking to deduct out of pocket ivf expenses. Had anyone had experience with this? I saved all my receipts for everything but don't really know how to advocate for us.

Any help is appreciated!

PCOSat25 · January 2016

Hey there! Infertility tax deductions are very similar to medical expense tax deductions. Your total oop cost for the infertility must be over 10% of your adjusted gross income to be deductible. Unfortunately if you are under 10% you can't claim them...

Here is a link I found:
https://www.winfertility.com/fertility-treatment-costs-income-tax-savings/

cmm012 · January 2016

I suggest a tax program like turbotax. It's user friendly and walks you through the steps to get the biggest refund. I know health expenses is a part of the series of questions.

KLake42 · January 2016

Add up all your medical expenses, not just fertility expenses. You can also claim mileage for the drive to the doctor, acupuncture, co-pays, etc

I've got documentation of everything I'm claiming, but you don't have to provide it unless you get audited.

This deduction is part of your itemized deductions, so you give up your standard deduction when you itemize. If you don't have a mortgage, it may not be worthwhile to claim it. It may be worth it to hire someone to prepare your taxes, or at least get turbo tax, if you don't feel comfortable following the 1040 instructions.

khochanadel · February 2016

Sigh. Well it appears we came in JUST under the 10% mark so we're going to owe this year. Sad face.

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Ivf and taxes

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