TTC and Taxes (US only)

Discussion in 'Trying To Conceive Over 35' started by mammaleigh, Nov 18, 2011.

  1. mammaleigh

    mammaleigh Momma to 1 & 1 on the way

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    I had posted this in the TTC but I thought I would post this here too.

    I was just reading through our tax forms for the next year. For all of those ladies that are going through FS please keep this in mind. ALL the money that you have paid out for FS and HPT, OPK, KEEP YOUR RECIEPTS. They are all tax deductible!!!!

    This is for the Ladies that are in the US. You can itimize your tax return and put this on there. That means a little more money in your pocket at the end of the year!!

    Now I am NOT an accountant. I have just read this from the IRS website. Please check with your accountant before doing this just incase I am wrong in what I read.

    Here is the website if you would like to check it out yourself.
    www.irs.gov/pub/irs-pdf/p502.pdf
     
  2. inaru816

    inaru816 TTC My 1st Little Person

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    The Health expenses have to exceed 5% of your adjusted gross income. For most of us this will not be a problem to meet given how expensive everything is... pregnancy tests count too by the way. The items you pay for with your flex account do not, though.
     
  3. mammaleigh

    mammaleigh Momma to 1 & 1 on the way

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    See that is why I am not an accountant...haha
    Thank you!!
     
  4. Milty

    Milty Well-Known Member

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    You can use your flex account and or HSA to pay for PG test as they are elgible
     

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