IVF and TAX

[Loula]

I was looking for the thread with regards to doing your TAX with IVF treatment.

so totally confused

if anyone else finds it can you send me in the right direction........i have done a search on 'TAX' and cant find anything

Thanks

[Manhattan]

Hi Loula, this is one from last week

IVF & Taxes

Hope thats what you're after

[Loula]

Found it! lol

[onthefly]

Is this what you mean? - you can claim 20c in the dollar for each dollar spent on health in the financial year over & above $1,500 (numbers may have changed...).
So if you spent $3,000, you could claim on 20c * (3,000-1,500) = 300

[Loula]

ok so i added up my medical expences $6162.50 This included private consultations not claimable on medicare,

medicare paid $3521.65 so what does this mean?

[dusty]

You can claim (6162.50-3521.65) = $2640.85 - $1500 = 1140.85 x 20% = $228.17

[Loula]

oh thats not very much.

oh well evey little counts

[Loula]

Ok my tax lasy has told me not to add anything up that has been submitted to medicare as this will show on my statement