
Breast Feeding Expenses are Now Tax-Deductible
February 14, 2011
The IRS announced on Thursday that breast pumps and supplies that assist lactation are medical care and will now be considered tax-deductible medical expenses.
This means that mothers will be able to use pre-tax money from their Flexible Spending Accounts (FSAs), Health Reimbursement Accounts (HRAs) and Health Savings Accounts (HSAs) to cover the cost of breast pumps and related supplies. Those without such accounts can deduct breast feeding expenses if their total unreimbursed medical expenses exceed 7.5% of their adjusted gross income. The ruling will effect expenses incurred beginning in 2010.
The views and opinions expressed within are those of the author(s) and do not necessarily reflect the official policy or position of Parker, Smith & Feek. While every effort has been taken in compiling this information to ensure that its contents are totally accurate, neither the publisher nor the author can accept liability for any inaccuracies or changed circumstances of any information herein or for the consequences of any reliance placed upon it.
Twitter
LinkedIn
Facebook
YouTube