Can you deduct embryo adoption expenses for tax?

(4 posts)(4 voices)
  1. I am looking into EA agencies such as Snowflakes and Bethany which have agency fees. Has anyone use these agencies and please let me know your experiences? I am not sure if this process is any less expensive than continuing with the DE path, we have 4 more tries with our shared risk program at Shady Grove. Each try will be approx. $10-12K per cycle which comes to about the same with Embryo Adoption from Snowflakes. On one hand, with DE we still have 1/2 genetic link and fresh embryos have better chances of implantation. On the other hand, the frozen embryos are already made and just need to be thawed and transferred.

    I have lots of questions that I am still researching for answers. I would appreciate very much for some insights from someone who have taken this path.

    Thanks in advance,
    2bm

  2. My DE cycle cost $30k with no insurance coverage. The RE plus meds totaled $15k and donor and agency fees total another $15k. Is it cheaper where you live? Or does your insurance cover ivf?

  3. We did embryo donation through our RE's office. The total cost was about $7,000. Insurance covered about $3,000. We did one FET and our twin girls were born in October!
    It is a wonderful option and I welcome any questions.

    Laurie

  4. We're using Bethany Christian Services & the National Embryo Donation Center, which currently runs between $4780-6445. Your insurance may pay part of that too.

    Your post title, you were asking if the adoption expenses are tax deductible.

    It's not legally adoption, it's legally a transfer of property.

    So things that people have done:

    * Deduct all medical expenses (btw, the prices quoted above include not only the homestudy, but also the medical) that exceed 7.5% of your AGI.

    * legally adopt the child after giving birth (this is not necessary at all, and was only done to get the homestudy fees et al reimbursed), allowing the homestudy et al to be deductible, under federal law. (Federal law is hmm something over 10,000 as a tax credit (works like you'd prepaid 10k of your taxes), and there's also an exclusion too (so your employer can refund expenses too for you if they do that, and you don't pay taxes on that reimbursement). You'd need to talk to a tax advisor about that to figure out how it all works. That's just a very basic run through.

    um, lemmie post this for you.

    irs.gov/taxtopics/tc607.html

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