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IVF and taxes - another question
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Bxgell2
Perfection
Member since 5/05 16438 total posts
Name:
Beth
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IVF and taxes - another question
Our total adjusted gross income is too high to claim any deduction for our medical expenses. But, does anyone know, if we decide to file separately this year, can I claim the IVF medical deductions against my salary only? Is there any rule against doing this?
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Posted 1/11/09 9:49 AM  |
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Long Island Weddings
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mcl916
my two loves
Member since 10/06 5133 total posts
Name:
Megan
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Re: IVF and taxes - another question
Posted by Bxgell2
Our total adjusted gross income is too high to claim any deduction for our medical expenses. But, does anyone know, if we decide to file separately this year, can I claim the IVF medical deductions against my salary only? Is there any rule against doing this?
I'll ask my DH tonight how we did it last year. I think we were too high also, but then we figured out a way to get it in there. And I'm not sure if the whole amount is deductible or just the amount that is over the percentage  I'll get back to you 
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| Posted 1/11/09 10:27 AM |
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LisaW
Time for me to FLY!
Member since 5/05 13199 total posts
Name:
Did I ever tell you that I hate people?
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Re: IVF and taxes - another question
I believe you can...I always have our accountant run in every way first
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| Posted 1/11/09 11:04 AM |
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Bxgell2
Perfection
Member since 5/05 16438 total posts
Name:
Beth
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Re: IVF and taxes - another question
Posted by mcl916
Posted by Bxgell2
Our total adjusted gross income is too high to claim any deduction for our medical expenses. But, does anyone know, if we decide to file separately this year, can I claim the IVF medical deductions against my salary only? Is there any rule against doing this?
I'll ask my DH tonight how we did it last year. I think we were too high also, but then we figured out a way to get it in there. And I'm not sure if the whole amount is deductible or just the amount that is over the percentage I'll get back to you
No, I know we can only deduct any medical expenses that exceed 7.5% of our AGI, but with our combined income, we make too much to even deduct ANY of the amount. If I were to file married, but separately, and apply the deduction only to my income, then I would be able to deduct a good amount of what I paid for all the IUI's and IVF we did. I'm just wondering if this is a legal option. I suppose I'll discuss it with our accountant when the time comes...
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| Posted 1/11/09 11:28 AM |
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shiv
Twinsanity!!
Member since 5/07 4747 total posts
Name:
Shiv
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Re: IVF and taxes - another question
I believe there are some restrictions for itemized deductions when married filing separate. Although I'm not sure what they are, your accountant is your best bet.
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| Posted 1/11/09 7:32 PM |
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