What You Need to Know About the Adoption Tax Credit and Surrogacy.
[vc_row][vc_column][vc_column_text]Q: My partner and I will be having our first child via surrogate in a few weeks. We have heard one of us can file for the adoption tax credit next year. How does this work? Matt N. A: Hi, Matt, Thanks for the question. The adoption tax credit was extremely beneficial for gay couples a […]
How to Jumpstart Your Savings
[vc_row][vc_column][vc_column_text]This week we cover part 1 of a 2 part series on How to Jumpstart Your Savings. SeedTrust Co-Founder and CPA, Brock gives us his take how to get started. Next week we have a special guest blogger and Pinterest favorite sharing some stellar tips on how to cut unnecessary expenses. How to Jumpstart Your […]
Budgeting Template for Surrogates
[vc_row][vc_column][vc_column_text]In my CPA practice and SeedTrust Escrow I consult with clients on many financial matters such as taxes, estate planning, payroll, and so on. One of the matters that I have dealt with lately is helping our surrogate clients budget for their surrogacy journey. Because surrogates receive a monthly payment in addition to their regular […]
Tips to Save on Fertility Treatments
[vc_row][vc_column][vc_column_text]This week in support of National Infertility Awareness Week we are covering the topic of Saving on Fertility. Saving on Fertility Expenses When the average cost of fertility treatments today are running on average between $15,000-$24,000 and health insurance carriers continue to eliminate the various treatments they cover, researching all of your options can help […]
Do Gestational Carriers pay taxes on compensation?
[vc_row][vc_column][vc_column_text]Q: Do Gestational Carriers have to pay taxes on the compensation they receive? —Eloise, Founder, Family Inceptions Hi Eloise, Surrogate mothers reporting their compensation on income is extremely controversial. Everyone has a different answer. The court cases involving compensation all revolve around Egg Donors. Egg donor compensation is 100% considered income according to the IRS. Considering […]