Tax Relief
We are coming up to the dreaded "Income Tax Deadline". By midnight tonight, many of us will know if we owe Uncle Sam or if he will be lining our pockets with a little something.
Some states allow you to use the medical costs of IVF and/or surrogacy as a tax write-off. While this won't be the interest on your mortgage, it is better than nothing. I would suggest that you contact your Tax Consultant or CPA to ask what the specifics are for the area where you live.
If you are just getting started down the road of treatment or surrogacy, you will want to be sure to save every receipt and invoice. I know when I was a surrogate, I would fax the invoices to my agency and then mail the original to my Intended Parents. The agency always took care of getting the invoice paid, while the parents had the documentation for the following years taxes.
And remember, by this time next year you will have a dependent to add!
