stanw
New Member
Joined: Apr 17, 2011 20:38:41 GMT -5
Posts: 34
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Post by stanw on Apr 13, 2013 2:18:50 GMT -5
Me and my wife have a PPO plan, though we spent a lot of money last year on IVF.
1. Can any portion of IVF be deducted?
2. How much do you have to spend in medical expenses before it can be deducted?
Thanks.
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mwcpa
Senior Member
Joined: Jan 7, 2011 6:35:43 GMT -5
Posts: 2,425
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Post by mwcpa on Apr 13, 2013 5:24:40 GMT -5
per IRS publication 502 "Fertility EnhancementYou can include in medical expenses the cost of the following procedures to overcome an inability to have children. Procedures such as in vitro fertilization (including temporary storage of eggs or sperm). Surgery, including an operation to reverse prior surgery that prevented the person operated on from having children."
In order to medical expenses to be deductible they must be out of pocket, paid for, in excess of 7.5% of your AGI (10% in 2013) and you must itemize your deductions
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