Has anyone gotten an answer from an accountant about whether this is allowable?
I did check out the IRS pubs and found this:
You can include in medical expenses the cost of the following procedures to overcome an inability to have children.
Procedures such as in vitro fertilization (including temporary storage of eggs or sperm).
Surgery, including an operation to reverse prior surgery that prevented the person operated on from having children.
There was no specific info about what fertility related stuff is disallowed.
Blogging at http://chronicladybug.blogspot.com
Yes, you can. It's any medical expense (including driving to and from the sperm bank/clinic) that is related to a medical condition (in this case, it's in our favor that our "condition" is considered infertility). That does include sperm because you need sperm to help your "medical condition." Catch my drift?
However...it's only anything above 7.5% of your adjusted gross income. So if you make $50,000 per year, it's anything that you spent over $3750 would be tax deductible.
Hope that helps.
me (40) DP (47) TTC since April 2010, 5 IUIs & 6 at home w/ fresh
Short luteal phase, septum resection in Sept 2011
Jan 2011 a BFP! Try #11 8w2d (blighted ovum)
April 2011 BFP! Try #12 9w2d (no heartbeat)
Nov 2011 BFP! Try #14 8w0d (twins, no heartbeat)
June 2012 -- Moving onto IVF with PGD
Pretty much everything related to infertility is allowable. I deducted sperm, meds, accupuncture, travel etc last year. It made a *huge* difference. This year I'm deducting all of that plus the (all out of pocket) IVF fees.
*****In Love since 2006*****
TTC #1 since March 2010