Tax Deduction for IVF

We all know that IVF is expensive. Not only is the procedure itself expensive, but there are many other variables to consider as well: medication, unexpected ultrasounds or doctors’ visits (we encountered these

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after I became hyper-stimulated), gas money for CONSTANT drives back and forth between home or work and the fertility clinic… A couple can expect to spend anywhere from $10,000 to $20,000 on a SINGLE IVF attempt. For Andrew and me (and I would think for anyone), this was a huge financial commitment to something we knew may or may not work. And of course, infertility treatments are not something typically covered through insurance.

Scary.

{Fertility treatments paid for out of your pocket are tax-deductible. You cannot deduct expenses paid for by your insurance company or reimbursed to you by your insurance company. To claim medical deductions, you must itemize your deductions on the Schedule A and attach it to your 1040 form. Read more here.}

Read more: But, there is a way to get some of that money back. It takes a little forethought and a little preparation, but it can be done, as long as your IVF expenses total more than 7.5% of your adjusted gross income (which can be found on line 38 of your 1040 form.)

I realize that tax season is not exactly right around the corner, but taxes can be complicated. And I’ve learned that planning ahead is essential to having your ducks in a row. And having your ducks in a row is essential once tax season rolls around… Especially during a year when you’ve completed an IVF cycle.

Here is what you need to do… in a single sentence:

From the very first appointment that you have regarding IVF, you need to begin saving EVERYTHING: every receipt, every appointment card (so you can refer to it later if you need to). Save even the things you don’t think you need to save!

Mileage:

Log your miles to and from doctor’s appointments. If you’ve already had several appointments, but have not been logging them, you can probably ask your doctor’s office for a print-out of all the appointments you’ve had. Log the dates, the miles traveled, and the reason for the appointment (ex: blood work, ultrasound, mid-cycle monitoring, pick up prescriptions, etc.) The IRS recommends logging miles in a little log book that you can pick up at any tax filing service office (like Jackson Hewitt, for example.) If you don’t have one of these little books, just make your own spreadsheet. Just make sure to include: date, miles traveled, reason for the appointment. As long as you have those three categories, you are on the right track!

Parking:

Every time I went to my doctor’s office, I had to pay $5 for parking. This was a huge annoyance, so I hope you don’t have to do that! But if you do, make sure to save those receipts, as they can be counted toward your IVF expenses.

Medications:

Save EVERY receipt for EVERY medication that you took/are taking during your IVF cycle. I even saved the receipt for the baby aspirin I bought, as well as pre-natal vitamins and supplements. It can’t hurt!

Doctor’s Visits:

Save every walk-out statement and bill that you receive from your fertility clinic. I saved the bills, and my receipts for payment, highlighting the amount that I paid each time. If you have not done this and need to back-track, just speak to either the front desk person at your doctor’s office or the finance person. He or she should be able to give you a printed copy of every payment you’ve ever made.

Other Visits/Procedures:

  • My doctor mandates that her patients sit down with a therapist before beginning IVF. If you had to do this, and if your insurance did not cover it, make sure to save that receipt.
  • If your doctor recommends weight loss as part of your fertility treatment, and you choose to join a weight loss program, you can deduct those expenses from taxes as well.
  • Also, if you chose to do acupuncture along with your IVF treatment, you can include that mileage and expense as part of your IVF expenses.

I’m no pro, so if I’ve left something out, please let me know! I’m learning as I go, and would love any other suggestions!

taxes

 

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Comments

  1. 1

    Kat says

    Logan, what a great post! I hadn’t even thought about it, but I will make sure to bring back all invoices with me. Thank you!

    • 3

      LoganLogan says

      You are welcome, Kat! Good luck with your IVF cycle… so scary, but SO worth it! I will be praying for you as you continue the process. And please keep me posted on your progress… I can’t wait to hear the outcome, and am praying for you and your GROWING family!

  2. 4

    Happy K says

    Hello Logan hope u r doing well dear, i just cant believe that U explain EVERYTHING step by step, i have read so many people story but the way u did just Awesome i just Loved it, i going to do ivf soon, but scared very expensive u know :P …..

    • 5

      LoganLogan says

      Hi there! I am glad this post was helpful for you. And I agree, starting IVF is scary, overwhelming, and expensive. But it’s worth it! Please let me know how your IVF cycle goes. I will be hoping to hear GOOD NEWS from you soon! (:

      Logan

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