IRS Denies Tax Deduction for IVF Expenses of Surrogate

ByiFind Taxpro Tax blog February 5, 2025 (0)
What Couples Need to Know About Medical Deductions for Surrogacy In a recent private letter ruling (PLR 202505002, 1/31/25), the IRS clarified that in vitro fertilization (IVF) expenses related to a surrogate are not deductible as.

Popular News

See More

Tangible Personal Property (TPP) Taxes

ByiFind Taxpro Taxation,Taxation 101 September 26, 2022
Property that can be moved or touched is referred to as tangible personal property (TPP), and examples include commercial machinery, merchandise…

Property Tax

ByiFind Taxpro Taxation,Taxation 101 September 26, 2022
In the United States, property taxes, which are generally assessed on immovable assets like land and buildings. They are a crucial source of funding…

Excise Tax

ByiFind Taxpro Taxation,Taxation 101 September 26, 2022
Excise taxes are levied on a specific commodity or activity in addition to a general consumption tax, and they account for a very tiny and volatile…

Value-Added Tax

ByiFind Taxpro Taxation,Taxation 101 September 26, 2022
A consumption tax known as a value-added tax (VAT) is imposed on the value contributed throughout each stage of the production of a product or…
Close
Search

Hit enter to search or ESC to close