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babyfever24
LIF Adult
Member since 1/11 3340 total posts
Name:
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Tax question
Has anyone claimed infertility stuff? Also do we have to tell our account what exactly the medical bills are for? Ugh I hate sharing my business.
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Posted 3/27/14 6:31 PM  |
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Long Island's Largest Bridal Resource |
MrsGoldie
<3 Miracles can happen <3
Member since 9/12 1700 total posts
Name:
R
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Tax question
We did. It has to be 10% of your income. Used to be 7%. We had receipts, but he never asked what it was for.
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| Posted 3/27/14 6:37 PM |
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MrsM0829
... With a cherry on top!!!
Member since 11/09 1332 total posts
Name:
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Re: Tax question
Posted by MrsGoldie
We did. It has to be 10% of your income. Used to be 7%. We had receipts, but he never asked what it was for.
Exactly. I've deducted for other medical stuff in the past, and the tax preparer never asked for any details. I just told him that I had medical expenses.
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| Posted 3/27/14 6:55 PM |
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babyfever24
LIF Adult
Member since 1/11 3340 total posts
Name:
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Re: Tax question
Ok so ten percent of total income?
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| Posted 3/27/14 7:11 PM |
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MrsM0829
... With a cherry on top!!!
Member since 11/09 1332 total posts
Name:
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Re: Tax question
Also, I was told that you can include prescription co-pays (besides the ones for IF), as well as HPTs, etc. in the medical expenses. I'm not a tax expert, though, so you may want to have those figures available, but just double check with your accountant or tax preparer.
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| Posted 3/27/14 7:12 PM |
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GoodThoughts
Dreams do come true
Member since 2/12 2259 total posts
Name:
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Re: Tax question
I claimed it last year and will do so again this year. You can deduct travel to/from appointments (mileage, tolls, parking) in addition to copays, drug costs, etc.
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| Posted 3/27/14 7:48 PM |
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Lillies
Grateful for my babies!
Member since 2/12 4571 total posts
Name:
<3
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Re: Tax question
Thanks for this. I'm saving all of my reciepts. lol
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| Posted 3/27/14 8:04 PM |
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JWG421
Our miracle is here
Member since 12/12 2507 total posts
Name:
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Re: Tax question
Posted by MrsM0829
Posted by MrsGoldie
We did. It has to be 10% of your income. Used to be 7%. We had receipts, but he never asked what it was for.
Exactly. I've deducted for other medical stuff in the past, and the tax preparer never asked for any details. I just told him that I had medical expenses.
We did, and saved all medical receipts etc
Def claim it!
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| Posted 3/27/14 8:10 PM |
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ggt08
;)
Member since 5/05 5208 total posts
Name:
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Tax question
Good to know!!
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| Posted 3/27/14 9:00 PM |
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PhyllisNJoe
My Box Is Broken
Member since 6/11 9145 total posts
Name:
Phyllis
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Re: Tax question
We did. Didn't get much back bc the ACA rules changed the deduction from 7% to 10%. So anything over 10% of your income can be claimed. So we pretty much got screwed bc we make "too much money" for it be a real difference. Mind you we paid over 20k in medical bill including our IVF. Needless to say I was cursing the ACA in my accountants office lol
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| Posted 3/27/14 9:29 PM |
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babyfever24
LIF Adult
Member since 1/11 3340 total posts
Name:
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Re: Tax question
just left……we made too much money….UGH this suck$$$$$$$
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| Posted 3/27/14 9:50 PM |
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babydreams21
LIF Adult
Member since 12/12 3656 total posts
Name:
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Re: Tax question
Posted by babyfever24
just left……we made too much money….UGH this suck$$$$$$$
Boo but YAY to making $. We aren't going to be able to claim anything either. If we ever have to pay fully OOP which I will after this IVF then I probably can claim something.
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| Posted 3/27/14 10:04 PM |
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Re: Tax question
A friend of mine claimed all of her infertility expenses I didn't even try because my uncle does my taxes and I don't need my extended family knowing what I'm going through!
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| Posted 3/27/14 11:46 PM |
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FergieK
Loving my girls
Member since 7/09 2533 total posts
Name:
Fergie
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Re: Tax question
Posted by JWG421
Posted by MrsM0829
Posted by MrsGoldie
We did. It has to be 10% of your income. Used to be 7%. We had receipts, but he never asked what it was for.
Exactly. I've deducted for other medical stuff in the past, and the tax preparer never asked for any details. I just told him that I had medical expenses.
We did, and saved all medical receipts etc
Def claim it!
Yes all medical. !
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| Posted 3/28/14 9:42 AM |
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Beachbaby2014
LIF Toddler
Member since 9/13 433 total posts
Name:
Jenn
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Tax question
i save all medical realted receipts and the accountant figures it out lol....but i know the over 10% is correct of Gross income - though no one needs to know what your bills are for.
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| Posted 3/28/14 11:43 AM |
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hazel2
LIF Infant
Member since 5/13 346 total posts
Name:
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Re: Tax question
Im saving everything and hoping to high heaven that we get something back next year 
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| Posted 3/28/14 4:20 PM |
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Tax question
We did. I had receipts, but my accountant just asked for a total. I was disappointed it didn't change our refund much at all.
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| Posted 3/28/14 10:36 PM |
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