https://boards.hellobee.com/ Pregnancy, Baby and Parenting blog, by Hellobee en Mon, 27 Apr 2026 19:22:48 +0000 https://boards.hellobee.com/topic/tax-savvy-bees-question-about-medical-deductions#post-2136913 Wed, 08 Apr 2015 15:22:54 +0000 Mrs.Pinecone316 2136913@https://boards.hellobee.com/ <p>@Madison43: @BandDmommy: Thanks! </p> https://boards.hellobee.com/topic/tax-savvy-bees-question-about-medical-deductions#post-2135788 Tue, 07 Apr 2015 20:28:16 +0000 FliegepilzHut 2135788@https://boards.hellobee.com/ <p>@BandDmommy: We exceeded 10% by a few thousand dollars and got a modest refund.</p> <p>@mrscobee: That's exactly what she did! Pretty handy. Also, for anyone who's curious, you can only deduct $50/person for a night in a hotel. :meh: </p> <p>@Madison43: Absolutely! OOP IVF is really expensive... </p> https://boards.hellobee.com/topic/tax-savvy-bees-question-about-medical-deductions#post-2135696 Tue, 07 Apr 2015 19:31:12 +0000 BandDmommy 2135696@https://boards.hellobee.com/ <p>@brownie: @Madison43: most of my clients are older and done having children. Glad you are able to use it! :) </p> https://boards.hellobee.com/topic/tax-savvy-bees-question-about-medical-deductions#post-2135660 Tue, 07 Apr 2015 18:56:40 +0000 Madison43 2135660@https://boards.hellobee.com/ <p>@BandDmommy: for folks that are paying for IVF and related meds out of pocket, it's not diffcult to hit the floor pretty quickly, even if doing very well for themselves. </p> https://boards.hellobee.com/topic/tax-savvy-bees-question-about-medical-deductions#post-2135658 Tue, 07 Apr 2015 18:55:02 +0000 Madison43 2135658@https://boards.hellobee.com/ <p>@Mrs.Pinecone316: I would definitely run the two different scenarios, but yeah, we filed seperately one year for this exact reason. It wasn't a huge windfall by any means but something is better than nothing! </p> https://boards.hellobee.com/topic/tax-savvy-bees-question-about-medical-deductions#post-2135648 Tue, 07 Apr 2015 18:48:07 +0000 brownie 2135648@https://boards.hellobee.com/ <p>@BandDmommy: we have taken them almost every year since ivf (5 years ago). And that's with two working parents. We just have tons of medical expenses and then infertility on top of that. I need to get on the medical for last year because we will most definitely qualify again. </p> https://boards.hellobee.com/topic/tax-savvy-bees-question-about-medical-deductions#post-2135618 Tue, 07 Apr 2015 18:10:21 +0000 BandDmommy 2135618@https://boards.hellobee.com/ <p>@Mrs.Pinecone316: It is normally not advantageous to file MFS. Consult your tax advisor, they can run MFJ and MFS scenarios </p> https://boards.hellobee.com/topic/tax-savvy-bees-question-about-medical-deductions#post-2135603 Tue, 07 Apr 2015 17:56:17 +0000 Mrs.Pinecone316 2135603@https://boards.hellobee.com/ <p>I have a similar question also. I want to deduct my IVF but it isn't over 10% of my husband and my combined income, but it is over mine alone. So not sure if I file separately if that would allow me to write it off? Any one know? </p> https://boards.hellobee.com/topic/tax-savvy-bees-question-about-medical-deductions#post-2135558 Tue, 07 Apr 2015 17:01:38 +0000 mrscobee 2135558@https://boards.hellobee.com/ <p>@FliegepilzHut: You don't necessarily need gas receipts. If you can reasonably estimate your number of trips and print out a map showing the miles, you can still support this type of deduction. </p> https://boards.hellobee.com/topic/tax-savvy-bees-question-about-medical-deductions#post-2135554 Tue, 07 Apr 2015 16:58:20 +0000 BandDmommy 2135554@https://boards.hellobee.com/ <p>Biggest issue is the floor not the ceiling. Never had client actually be able to take medical expenses. </p> https://boards.hellobee.com/topic/tax-savvy-bees-question-about-medical-deductions#post-2135542 Tue, 07 Apr 2015 16:51:12 +0000 FliegepilzHut 2135542@https://boards.hellobee.com/ <p>@brownie: @meganmp: That's fantastic! Thanks! Wish I'd saved gas receipts...but gas has been pretty cheap (in the grand scheme of things). </p> https://boards.hellobee.com/topic/tax-savvy-bees-question-about-medical-deductions#post-2135467 Tue, 07 Apr 2015 15:50:12 +0000 meganmp 2135467@https://boards.hellobee.com/ <p>You can deduct gas and parking related to appointments, too! </p> https://boards.hellobee.com/topic/tax-savvy-bees-question-about-medical-deductions#post-2135428 Tue, 07 Apr 2015 15:14:27 +0000 brownie 2135428@https://boards.hellobee.com/ <p>Yes there isn't a cap, there is a minimum. We qualified the year we did IVF with over 7K over the minimum AND that was after our 10K of FSA funds. That was an expensive year. Also, you can deduct mileage and hotel expenses if they correlated directly to the medical treatment. There are limits for hotel rooms but anything helps. </p> https://boards.hellobee.com/topic/tax-savvy-bees-question-about-medical-deductions#post-2135395 Tue, 07 Apr 2015 14:56:25 +0000 FliegepilzHut 2135395@https://boards.hellobee.com/ <p>@lisa1783: Thank you so much! We did exceed 10%...now to find those receipts... </p> https://boards.hellobee.com/topic/tax-savvy-bees-question-about-medical-deductions#post-2135377 Tue, 07 Apr 2015 14:42:17 +0000 lisa1783 2135377@https://boards.hellobee.com/ <p>You can only do this if you are itemizing and you can only deduct the amounts in excess of 10% of your AGI (Adjusted Gross Income). For example, if your AGI was $100,000, then you can only deduct medical expenses over $10,000. There isn't an upper limit to the deduction.</p> <p>Helpful FAQ from IRS: <a href="http://www.irs.gov/uac/Claiming-a-Tax-Deduction-for-Medical-and-Dental-Expenses" rel="nofollow">http://www.irs.gov/uac/Claiming-a-Tax-Deduction-for-Medical-and-Dental-Expenses</a></p> <p>Deductible Expenses: <a href="http://www.irs.gov/pub/irs-pdf/p502.pdf" rel="nofollow">http://www.irs.gov/pub/irs-pdf/p502.pdf</a> </p> https://boards.hellobee.com/topic/tax-savvy-bees-question-about-medical-deductions#post-2135359 Tue, 07 Apr 2015 14:33:45 +0000 FliegepilzHut 2135359@https://boards.hellobee.com/ <p>Do you know whether there is a limit to the value of medical expenses you are allowed to deduct on taxes? </p> <p>DH and I did IVF and a frozen embryo transfer and BOY was it expensive (but totally worth it!). I have the vast majority of my receipts available...just wondering if there is some kind of cap? We're doing taxes tonight. :meh: </p> <p>Thanks in advance! </p>