Tax Breaks for $4,000 homebirth? - Mothering Forums

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#1 of 2 Old 02-16-2014, 11:27 PM - Thread Starter
 
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My husband and I spent $4,000 out of pocket on our midwifery expenses for our home birth.  Our tax advisor said that we would not see any tax break unless we spent $9,000 or more - does that sound right?  We live in Minneapolis, MN...  Any suggestions or advice would be greatly appreciated!

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#2 of 2 Old 02-17-2014, 04:06 AM
 
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Unless you have a cafeteria plan or something through your employer, medical expenses don't become tax deductible until they exceed 7.5% of your adjusted gross income. I have no idea what your income is, but I'd be inclined to think your tax preparer figured it right. You could recheck his math pretty easily by getting the instructions for form 1040 off irs.gov.
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