Hi! I have seen the sticky at the top of this thread about IVF and PGD being Tax deductible in the US but does anyone know if you can claim anything in Australia.
Thanks![]()
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June 6th, 2011, 06:30 AM #1Big Dreamer
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Is IVF PGD Tax deductible in Australia?
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June 6th, 2011, 06:56 AM #2
I *think* you may be able to claim a 20% medical rebate for medical procedures over $1500.00.
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June 8th, 2011, 01:51 PM #3Registered User
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You can claim it all as an income reduction only on medical procedures and medications, not the travel component. For example I paid $12,000 for 3 cycles, plus around $3000 for medication and freezing costs. I can now claim an income reduction of $13,500 after I take away the first $1500. I hope that makes sense. If you become a GD member there is a sticky on exactly this topic.
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June 17th, 2011, 11:13 PM #4Dream Vet
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Are you sure PL ? Even if it isn't a medical issue but more a social one ?
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June 17th, 2011, 11:36 PM #5Dream Vet
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Definetly correct , I have spoken to tax office directly and as a family you pay first $1500 after that any medical expenses regardless if here or o'seas include medications you get back 20cents in $1 (20%).
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June 18th, 2011, 12:19 AM #6Dream Vet
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Wow, obviously have to keep all reciepts hey ? maybe I can afford another cycle.......grrr......
but any help is good.Last edited by jils04; June 18th, 2011 at 12:38 AM.
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June 18th, 2011, 12:38 AM #7Dream Vet
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Also you can claim meds over the pbs amount on your private health cover like lucrin/lupron, crinone etc..
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June 21st, 2011, 04:33 AM #8Big Dreamer
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Thanks for the info!