Hi all. I apologize if this thread has been posted before, but I was wondering if anybody has any input in this. Do you know if the cost of IVF or PGD if one doesn't suffer infertility issues is tax deductible?
Thank you to all for your responses.
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Thread: IFV or PGD tax deductible?
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March 17th, 2011, 10:35 AM #1Dream Vet
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March 17th, 2011, 04:48 PM #2Big Dreamer
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They do not ask if it is for infertility or not.
If it is more than 7.5% of your income, you can take it as a deduction (thank God, because we had 24,900 last year!). Once you reach that minimum, you can actually deduct vision and dental, too. I also had to travel two hours, so I took 16.5 cents per mile.
All the co-pays I paid for my other two kids, the ER visit we had, their prescriptions...all of it was also deductable.2004
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March 17th, 2011, 04:58 PM #3Dream Newbie
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Great, because we are looking forward to claim it on the taxes. Has anyone done it last year?
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March 20th, 2011, 09:06 AM #4Big Dreamer
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I did already:-)
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March 20th, 2011, 09:11 AM #5
Is it just the amount that exceeds the 7.5% of your income or can you claim the entire amount? So, if the amount is 8% of you income, do you just write off .5% or the entire amount?
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March 20th, 2011, 11:57 PM #6Dream Member
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I'm pretty sure its the amount over 7.5%
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March 21st, 2011, 09:18 AM #7Dream Vet
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Thank you ladies. Yes, I agree with you all, it is the amount over 7.5%, and with what I've spent with IVF/PGD so far, I can surely deduct a lot. However, when you deduct more than 20k in your taxes, it usually is a red flag for the IRS and most probably we will get audited. I know that we can also deduct all the meds related to IVF as well as the mileages from and to the clinic. My concern mostly is the PGD, or the IVF if we are fertile. For all of us who are doing this for gender selection. this is a route we choose to go for, it's not obligatory for us...it's something we want to, it's not medicaly required or ordered by a doctor....So, should the PGD still be deductible?
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March 21st, 2011, 07:08 PM #8Big Dreamer
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We asked our tax advisor and the PGD was deductible. We are technically infertile, but she did not even ask. It was under lab fees, which can be included.
http://www.irs.gov/publications/p502...link10001788852004
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April 17th, 2011, 08:17 PM #9Daniel A. Potter, MD
Medical Director, HRC Fertility Newport Beach, California
Laboratory Director, Natera (formerly Gene Security Network)
http://www.amazon.com/What-When-You-...keywords=hanin
http://www.danielapottermd.com
@ivfgenderselect
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April 20th, 2011, 04:09 PM #10Dream Vet
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