Wednesday, May 26, 2010

IVF and tax credit?

Hi,



Does IVF (In Vitro Fertilization) treatment eligible for tax credit?



Thanks



RP



IVF and tax credit?

You can right this off as a medical cost. Any medical cost that comes out of pocket (after taxes) is tax deductable. HOWEVER, I believe your total out of pocket medical must be 15% (or more) of your adjusted gross income inorder to receive credit. I could be wrong about the percentage, so ask you tax person, or look on the IRS%26#039;s website at www.irs.gov to make sure.



Good Luck!



IVF and tax credit?

Sorry don%26#039;t know but thats a good question because that is a large amount of money, does it matters since it is your choice of getting it,I don%26#039;t think so do an online search of it



IVF and tax credit?

No it is not. I just recently completed my IVF and asked my accountant and she said no.



IVF and tax credit?

I%26#039;m sure it depends on jurisdiction.



In Canada, yes.

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