Here’s How Surrogates Can Save Money on Taxes
[vc_row][vc_column][vc_column_text]Q: I am a surrogate and declared my payment as taxable income on my taxes, can I deduct my fertility treatments and travel? –Mandy R. A: Hi Mandy, thanks for the question and let’s jump right in and look at how you can deduct your expenses. Ok, now that you have a lot of extra taxable […]
Using Your FSA and HSA for Surrogacy Expenses
[vc_row][vc_column][vc_column_text]Q: Can we use a FSA or HSA for our surrogacy medical expenses? —Charles E. A: Hi Charles, This is a great question and one that I am asked often at SeedTrust. These accounts can be great for medical expenses. Your income is deducted from your paycheck pretax and is deposited into specialized savings accounts. Health […]
Is Egg Donation Taxable Income?
[vc_row][vc_column][vc_column_text]Q: I recently donated my eggs and received over $5,000 but under $15,000. The agency never gave me a W-9, do I have to pay tax? I read on a forum that you only pay tax if you receive more than $15,000? What should I do? —Emily M. A: Hi Emily, Thank you for sending […]
4th of July Savings Roundup
[vc_row][vc_column][themesflat_imagebox image_size=”medium” link=”http://www.cnbc.com/2017/06/22/3-tricks-to-save-on-the-road-over-independence-day-weekend.html” target_blank=”yes” button_text=”View the list of tips at CNBC.com” style=”style3″ default_id=”themesflat_1560349914″ title=”Road Traveling Tips for the Independence Day Weekend” image=”5034″]CNBC outlines some handy tips for those traveling by car over the holiday. We especially liked the tip “avoid gas stations near state lines when filling up the car”…who knew?[/themesflat_imagebox][themesflat_imagebox image_size=”medium” link=”http://www.cheaprecipeblog.com/2013/06/50-cheap-recipes-for-the-4th-of-july/” target_blank=”yes” button_text=”View […]
Doing Surrogacy Independently? What You Should Know About 1099s
[vc_row][vc_column][vc_column_text]Q: We are doing our surrogacy independently and I would like to know if I should issue a 1099 to my surrogate? Jen K. A: Hi Jen and thank you for the question. This is a complex and controversial issue for both parties involved. If you google issues on this topic you will find message boards […]