That you can receive 14 cents per mile driven in service of charitable organization
That you can deduct up to $10,000 in your business startup expenses
IRS allows tax deduction for doctor approved weight loss medical expense. Ask me about the specifics
Attention, Nursing mamas! It now pays to Breastfeed your little ones in more ways than one. In addition to it being a great way to Feed Your Baby, thanks to the IRS, you will be able to write off the Cost of Breast Pumps and Nursing Supplies as Medical Tax Deductions. That’s fantastic news!
The American Academy of Pediatrics (AAP) has been pushing for this Breastfeeding Tax Code Change for a very long time. When things like Vasectomies and Weight-Loss Programs are considered allowable medical expenses, one has to wonder why lactation supplies and things that promote and support breastfeeding have gone without consideration for so long. In other words, it’s about time!
New moms: Here’s what you need to know to get a Tax Break for Breastfeeding…
Breastfeeding Tax Breaks Basics
Of course, there is a catch: In order to deduct such Medical Expenses, your Costs associated with Nursing have to exceed 10 percent of your Adjusted Gross Income(AGI). But don’t fret. Crossing that threshold, especially in your baby’s first year of life, will come before you know it. Breast Pumps and Pumping Supplies can be incredibly Expensive, not to mention trips to the Pediatrician’s Office, Classes, and Lactation Workshops, and the other various Prenatal and Post-Natal Expenses can rack up pretty quickly. Keep track of all your related expenditures