You're kidding me!! I've spent how much???!!!

:o :o :o

I just got online to check my Medicare Tax Statement.

Last financial year (as in the one that finished two days ago), I spent over...wait for it...$28,000 in medical expenses :o :o :o

I knew it was a lot but $28,000......AND that doesn't count all of the things that aren't claimable (egg retrieval and transfer, medicine, etc, the hysteroscopy and the MRI I had to have) which would add ANOTHER $5000!!!!!!!!!!!!!!!!!!!!!

So that's a total of over $33,000 spent in 12 months.

I am in shock.

Woah! I hope you can pick yourself up off the floor soon. I'd be in shock too.

Far out!!!!

Geeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeezzzzzzzzz.

i know :rolleyes:

I'm in the same boat - for the second year - ouch!

Sadly Kass, barring some sort of miracle, this financial year will be the same for me too.... :(

(Hope you're well by the way and that bubs is growing nice and big!! :) )

I'm going well thanks :)
Hope you get your miracle next time around :crossfingers::goodluck:

Hahaha! Thanks! So does my bank manager ;)

fark :hug: did you need a stiff one after that? that's a reasonable rebate at 20c in the dollar...

Nah....that's the beauty of IVF...No stiff one required ;)

I've just fainted :o

My gosh N2L. That is incredible. :hug:

wow and i thought my $400 odd for this week was bad enough
:lol: at the stiff one!

Woah!

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that's a reasonable rebate at 20c in the dollar...

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Actually anything over $2000 medical expenses directly offsets your tax payable - so unless you've paid more than $35000 tax this year, I am guessing you'll get it all back!

WOW! !

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Woah!

Actually anything over $2000 medical expenses directly offsets your tax payable - so unless you've paid more than $35000 tax this year, I am guessing you'll get it all back!

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I thought you got back 20cents for every dollar over $1500 for out of pocket costs. Is this wrong??? I like your calculations much better!

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Actually anything over $2000 medical expenses directly offsets your tax payable - so unless you've paid more than $35000 tax this year, I am guessing you'll get it all back!

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wasn't my experience last year unfortunately - it was 20c after the first $1500 (which is 0) so $30,000 expenses = $5700 claim.

That's what I thought Kass.

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I thought you got back 20cents for every dollar over $1500 for out of pocket costs. Is this wrong??? I like your calculations much better!

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Yes, sorry, anything over $2000 (last fy it was $1500) you get 20 cents in the dollar directly offset - sorry, that was a late night post! You'll still be looking at $7000 or so offset. My bad mistake sorry!!!

That amount is amazing. Full credit to you and your bank manager.

On the upside, how are we going to spend your tax return? Shoes? Or straight back on medical bills?


Sent from my iPhone using Tapatalk

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Yes, sorry, anything over $2000 (last fy it was $1500)

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I didn't realise they'd raised the cut off. Bugger. That's another $100 I won't be getting back...

oh, I didn't know that either, thanks. Still, a nice offset (or whatever it's called). Would be nicer if you'd gotten a baby for free of course.

Lol...If you see any baby's being given away for free, let me know ;)

PS FabFi - Any dime I get back will go straight into the baby-making account! I can buy shoes when I hit menopause ;)

:hug:

and don't forget it's only 20 cents in the dollar for the out of pocket bit....not the initial charge, so will probably be a bit less than that.

Yeah we quite regularly have years in the tens of thousands initial outlay...our usual out of pocket per year is over $8000 on medical, thats without IVF or obstetricians bills....IVF years were hugmungous!!