7 Expert Tips on How to Save for Surrogacy
[vc_row][vc_column][vc_column_text]Q: I’m reading everywhere that surrogacy costs can be upwards of $75,000. How can my partner and I start saving for this? –Robert N. A: Hi Robert, this is an excellent question and I will cover some of the best ways to jumpstart your savings plan. Surrogacy costs can climb fast and having cash on hand is […]
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 […]
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 […]
Considering Surrogacy? Why You Should Be Using a Third-Party Escrow Company
[vc_row][vc_column][vc_column_text]There are a lot of moving parts involved in the surrogacy process. From the parents-to-be to the surrogate, there are numerous parties involved that have their own stake in the process. For the sake of all sides, clear and concise paperwork is a necessary function that ensures all parties have the information they need when […]