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LInMI
LIF Adult
Member since 7/10 1801 total posts
Name:
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Claiming IVF on taxes
Has anyone claimed IVF or any infertility expenses on their taxes? I plan on doing so this year. To date I spent apprx $24K+ OOP. I hope I can get some of it back incase I need to do another fresh cycle.
I have copies of all my receipts for my accountant. Will he also need copies of the checks too?
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Posted 1/3/13 4:26 PM  |
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JulieLO
LIF Adolescent
Member since 12/11 669 total posts
Name:
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Claiming IVF on taxes
We are doing it this year too since we did 2 IVF cycles OOP in 2012!
I think the receipts are enough....
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| Posted 1/3/13 4:34 PM |
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LInMI
LIF Adult
Member since 7/10 1801 total posts
Name:
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Re: Claiming IVF on taxes
Yikes.....
Here's to a nice tax return 
Good luck in the upcoming weeks!! So exciting!!
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| Posted 1/3/13 4:35 PM |
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Anne44
LIF Adolescent
Member since 8/10 752 total posts
Name:
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Re: Claiming IVF on taxes
Yes, i did twice. You can only claim a certain percentage of the $. You can look on the IRS website but I believe its anything above 7.5% of your income. Good luck!!!
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| Posted 1/3/13 5:02 PM |
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Hope4baby13
LIF Toddler
Member since 12/12 411 total posts
Name:
un
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Claiming IVF on taxes
Holy crap! That's great. Had no idea! Thanks for the information. Next year we will definitely be doing this!
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| Posted 1/3/13 6:07 PM |
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JWG421
Our miracle is here
Member since 12/12 2507 total posts
Name:
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Re: Claiming IVF on taxes
Thanks for the info.
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| Posted 1/3/13 6:14 PM |
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Re: Claiming IVF on taxes
Posted by Anne44
Yes, i did twice. You can only claim a certain percentage of the $. You can look on the IRS website but I believe its anything above 7.5% of your income. Good luck!!!
It's over 7.5% of your gross adjusted income. And if you hit that mark , you can also include mileage for any/all medical appts. And you can decut all other medical expenses so other co-pays, meds, etc. We were able to this twice when we did 2 IVF's OOP in 2 different years.
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| Posted 1/3/13 6:42 PM |
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gina409
TWINS!
Member since 12/09 27635 total posts
Name:
g
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Re: Claiming IVF on taxes
Posted by Anne44
Yes, i did twice. You can only claim a certain percentage of the $. You can look on the IRS website but I believe its anything above 7.5% of your income. Good luck!!!
this..they told us 7 percent..we just missed it
they did tel lus to mark everything,like even gas money to and from every doc appt
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| Posted 1/3/13 9:40 PM |
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CaseyGirl
Mommy to 3 Boys :)
Member since 5/05 19978 total posts
Name:
Jen - counting my blessings...
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Re: Claiming IVF on taxes
YES! We did this in 2008 when we conceived our first DS via IVF / ICSI. My accountant wasn't sure, we did our own research and found that you can and wound up getting an $8k refund!!!
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| Posted 1/4/13 12:51 PM |
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LInMI
LIF Adult
Member since 7/10 1801 total posts
Name:
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Re: Claiming IVF on taxes
Posted by CaseyGirl
YES! We did this in 2008 when we conceived our first DS via IVF / ICSI. My accountant wasn't sure, we did our own research and found that you can and wound up getting an $8k refund!!!
WOW! That would ne nice.
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| Posted 1/4/13 1:16 PM |
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MrsPJB2007
MBA at your service!
Member since 7/06 12020 total posts
Name:
MJ
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Claiming IVF on taxes
They are still figuring out the tax law changes right now. There was a chance the threshold could rise to 10% but for years it has always been 7.5%. It's for any and all qualified medical expenses that you pay out of pocket, not just IVF. So if you are close to the threshold just for IVF you can also add OOP medical items for regular doctors visits.
It works that you are responsible for the first 7.5% of med expenses and anything over that can be written off on your schedule A if you itemize. So if your adjusted gross income was 100,000, and you had 15,000 in med expenses, anything after the first 7,500 could be written off as a deduction. (So in this case, the remaining 7500)
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| Posted 1/4/13 2:34 PM |
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