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Forum: Trying to Conceive with Medical Assistance

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  #1  
January 11th, 2011, 08:04 PM
KMH KMH is offline
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Here's my annual PSA about deducting your medical expenses on your taxes...don't forget! It really helped us out last year when we paid for our IVF out-of-pocket. If you need details about how the deduction works, let me know.
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Melissa & DH
IVF babies Claire (3), Abigail (1) and George (1)

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  #2  
January 11th, 2011, 09:30 PM
missy123's Avatar Platinum Supermommy
Join Date: Nov 2005
Location: Savannah GA
Posts: 13,417
Yes! We spent about $5,000 this year on medical expenses as we do not have health insurance. (most of that was at the RE)
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Pregnancy Loss April 2009, September 2010
CP 10/2008, 1/3/11 {missing my babies every single day}Mommy to 4 Children - 3 boys ages 22, 21 and 18 & baby Scarlett
After 2.5 years TTC with 4 losses our Family was given the gift of Miss Scarlett
.
Do not ever give up hope...


Miss Scarlett... Our miracle girl still brings happy tears to my eyes.



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  #3  
January 12th, 2011, 03:10 AM
adnelg775's Avatar Mega Super Mommy
Join Date: Apr 2008
Location: New Jersey
Posts: 1,232
I hear ya Melissa!! I am going to have a boatload of medical deductions!!
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OUR IVF w/ ICSI 2/2011=TWINS!

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  #4  
January 12th, 2011, 04:31 AM
Oriyan's Avatar Platinum Superdupermommy
Join Date: Sep 2006
Location: I am a stranger in a strange land.
Posts: 10,467
Dont forget though if you are going to itemize deductions this year like medical expenses you are not allowed to file until February
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Samantha (30) (Hashimoto's)
DH: Joseph (33) (Oligoasthenoteratospermia)
DS1: Johnathan "J.J" (4.5)
DS2: Lucas "Luca"
~~~~~~~~~~~~~~~~~
IVF #1: October 2008
July 22, 2009: Johnathan Jarrett is born! 10:41 am, 7lbs, 12oz, 21.5 inches

FET #2: March 2013 (Medicated cycle)
November 25, 2013: Lucas Ryan is born! 8:46 pm, 8lbs, 8oz, 20 inches (No epidural!)
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  #5  
January 12th, 2011, 05:24 AM
FLAteacher's Avatar Loving the Toddler Life
Join Date: Jun 2010
Location: Orlando, Florida
Posts: 1,132
So, I use my 1 clomid cycle expense as an itemized deduction for taxes?
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Daughter is 2 1/2 years old.


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  #6  
January 12th, 2011, 05:44 AM
~*Jackie*~'s Avatar Platinum Supermommy
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Location: The Land of Infertility
Posts: 16,093
Quote:
Originally Posted by FLAteacher View Post
So, I use my 1 clomid cycle expense as an itemized deduction for taxes?
There's much more to it- in order to use medical expenses, you not only need to have your itemized deductions (totally separate form) add up to more than the standard deduction to be worth it, but also you can only deduct the amount of medical expenses that is over 7.5% of your adjusted gross income. So if your income is $50,000 for the year, you can deduct the amount exceeding $3750 in medical expenses YOU PAID, for example.

Here's a link to the publication from the IRS: http://www.irs.gov/pub/irs-pdf/p502.pdf

For those of us that have paid for a lot out of pocket through the year (I had my entire IVF cycle and my entire FET cycle paid in 2010), it's totally worth it.
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Thank you brie_91 for this fabulous siggy!!
Our TTC journey: 6 cycles Clomid, lap surgery/ D&C, IUI, 2 x IVF; 33 cycles- BFN.
IVF#1 (March 2010) Transferred two 8-cell grade A (perfect) embies- BFN and heartbroken.

IVF#2/FET#1 (Jan/Feb 2011):Transferred two (7&8 cell) grade A (PERFECT) embies- BFN again.
March 2011- February 2012: On BCP due to endometriosis.

March 2012- taking a few months off of BCP and we are TTC naturally.
We will re-evaluate another IVF w/FET try in 2013.



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  #7  
January 12th, 2011, 08:18 AM
hollann1984's Avatar Mega Super Mommy
Join Date: Sep 2009
Location: Wisconsin
Posts: 3,307
Im wondering if someone can PM me more information. I had multiple Clomid cycles, RE appointment and my hysterosonogram( that was not paid for) that was over $1000. I never thought of this so im very glad that you brought it up.
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** Thank you Oona for the awesome siggy**
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  #8  
January 12th, 2011, 09:02 AM
missy123's Avatar Platinum Supermommy
Join Date: Nov 2005
Location: Savannah GA
Posts: 13,417
Thanks Girls, this was VERY helpful. I did not realize that contacts, glasses, and weight loss clinics all qualify! Great stuff, I appreciate it! Even if I only end up with a $10 deduction, it is $10 more than I had!!
__________________

Pregnancy Loss April 2009, September 2010
CP 10/2008, 1/3/11 {missing my babies every single day}Mommy to 4 Children - 3 boys ages 22, 21 and 18 & baby Scarlett
After 2.5 years TTC with 4 losses our Family was given the gift of Miss Scarlett
.
Do not ever give up hope...


Miss Scarlett... Our miracle girl still brings happy tears to my eyes.



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  #9  
January 12th, 2011, 11:35 AM
Blondn6ft's Avatar Mega Super Mommy
Join Date: Jan 2009
Location: Northern CA
Posts: 1,544
HOLY COW ....

I forgot all about deducting the out of pocket expenses !
I usually don't have any ...now we do !

Thanks for the reminder !
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~ ~ Robin ~ ~





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  #10  
January 12th, 2011, 05:52 PM
KMH KMH is offline
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Join Date: Sep 2008
Location: right of center
Posts: 19,112
Jackie described it pretty well, actually. Also, you can count a mileage expense to and from all your appointments, so if you drive 2 hours each way like I did, that adds up quickly!
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Melissa & DH
IVF babies Claire (3), Abigail (1) and George (1)

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  #11  
February 21st, 2011, 10:33 AM
Super Mommy
Join Date: Jan 2007
Location: Texas
Posts: 973
Bumping this, because I know that I certainly needed the reminder!
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~Tracey (42), mom to Reagan(born 08/07/11)

3 failed fresh IVFs, 1 failed FET
Surprise BFP in 12/10 after acupuncture & herbs!!
1 beautiful, perfect daughterl!




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  #12  
February 21st, 2011, 11:39 AM
brynnkelley04's Avatar Mega Super Mommy
Join Date: Jul 2005
Location: DeWitt, Michigan
Posts: 3,164
Great info thanks for posting. I'll keep this in mind for next year
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Brynn 30,
Rich 41, Marcus 11, Gavin 8
~~IVF #4 using Donor Eggs=BFP
~~April 18th 1st U/S=TWINS! Baby A 128bpm Baby B 124bpm


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