Medical expenses are deductible on Schedule A.
IVF, or in vitro fertilization, is an infertility medical treatment that can be deducted on your income tax return. Medical treatment deductions, like many other income deductions, must be listed on Internal Revenue Service (IRS) tax form Schedule A, which is included with Form 1040 when you file your tax return. Like other deductions, the cost of infertility treatment is subtracted from your gross income. Medical deductions, however, may only be taken when the cost of the treatment is in excess of 7.5 percent of your gross income.
Instructions
1. Calculate the costs associated with your IVF. You may only deduct money spent in that tax year regardless of when the services were performed. For instance, if you pay for IVF treatments in 2012 but receive the treatments in 2013, the deduction must be taken on your 2012 tax return and may not be taken on your 2013 tax return. Enter the cost on Line 1 of Schedule A.
2. Obtain your AGI, or adjusted gross income, from line 38 on Form 1040. Enter this value on Line 2 of Schedule A.
3. Calculate 7.5 percent of your AGI by multiplying this number by 0.075. For instance, if you earned $50,000 (your AGI is $50,000), multiply 50,000 by 0.075 to arrive at 3,750. This means that 7.5 percent of your AGI is $3,750. Enter this value on Line 3 of Schedule A.
4. Subtract Line 3 (7.5 percent of your AGI) from Line 1 (the cost of your IVF treatments). If the value is positive (i.e. Line 3 is greater than Line 1), enter the total on Line 4. If the value is negative (i.e. Line 3 is smaller than Line 1), enter 0 on Line 4. This is the amount you may deduct from your AGI.
5. Combine your IVF deductions with any other deductions you have and enter the total on Line 40 of Form 1040. You may not take medical deductions on Form 1040A or 1040EZ; you must use Form 1040.
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