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The Tax Blog
The latest news, insights and tips about taxes

Nursing Mothers Finally Get a (Tax) Break

Good news, moms. Finally that little bundle of joy will help you save, not spend. The IRS said today that breast pumps and other nursing supplies now qualify as tax-deductible medical expenses. The equipment can even be reimbursed under flexible-spending accounts or health-savings accounts.

Associated Press

The move reverses last year’s ruling that excluded breast pumps and other similar breastfeeding aids from favorable tax treatment.

Here’s what WSJ’s Juggle blog has to say:

“Until now … nursing mothers couldn’t use flexible-spending accounts to pay for breast pumps and other nursing supplies because the IRS said that breastfeeding didn’t have enough health benefits to qualify as medical or preventative care.

Now, though, the IRS says that like obstetric care, nursing supplies are ‘for the purpose of affecting a structure or function of the body of the lactating woman.’ … The new ruling means that families can use pretax funds from their flexible spending accounts and health savings accounts for pumps and other supplies.  Medical expenses, meanwhile, are not deductible until they exceed 7.5% of adjusted gross income. Breast pumps typically cost more than $200 and, along with supplies, can run as high as $1,000 in the first year of a baby’s life, Reuters reports.”

The agency hasn’t specified what supplies beyond pumps will be deductible. So stay on the lookout for the forthcoming guidance in the IRS’s revised publication 502, Medical and Dental Expenses. The publication also includes a laundry list of expenses that don’t qualify for deductions or reimbursements such as cosmetic surgery (no surprise), funeral expenses, and dancing lessons. Yet other items that don’t make the cut—like medical marijuana—have inspired taxpayers to lobby the IRS to consider them more seriously.

Readers, in light of the IRS’s recent rule reversal, what other items should the agency reconsider to qualify for deductions or health-savings account expenses?

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      Always make FCKEditor paste as plain text
      Posted November 11th, 2008 in FCKEditor
      FCKEditor is an in-browser Javascript WYSIWYG editor. It has a useful "paste as plain text" function which removes all formatting from the text in the clipboard before pasting it into the editor. This is useful for getting rid of all the additional HTML rubbish that Microsoft Word copies to the clipboard. This post looks at the function and then how to always enable the paste as plain text function in FCKEditor and a "gotcha" in Firefox.
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    • Many people aaeppr to be inundated by these fiscal debt reduction plans all around the place, on TV , in the papers and all over the internet. Your bankruptcy expert will draw up the best features according to the customer’s own unique situation and construct a plan of payments to a core account often lasting sixty months, though in some eventualities this can alter.

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Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,274 +215 1.34%
Nasdaq
/quotes/zigman/12633936/realtime 4,710 +74 1.59%
S&P 500
/quotes/zigman/3870025/realtime 1,937 +23 1.21%
GlobalDow
/quotes/zigman/629063/realtime 2,307 +11 0.49%
Gold
/quotes/zigman/662444/delayed 1,134 -6 0.54%
Oil
/quotes/zigman/2331095/delayed 45.76 +0.35 0.77%
FTSE 100
/quotes/zigman/3173262/delayed 6,083 +25 0.41%
DAX
/quotes/zigman/2380246/delayed 10,048 +32 0.32%
CAC 40
/quotes/zigman/3173214/delayed 4,555 +14 0.30%
FTSE MIB
/quotes/zigman/1482176/delayed 21,612 +161 0.75%
IBEX 35
/quotes/zigman/2759620/delayed 9,938 -55 0.55%
Stoxx 600
/quotes/zigman/2380150/delayed 354 +1 0.27%
Asia Dow
/quotes/zigman/6959860/realtime 2,703 -14 0.53%
Nikkei 225
/quotes/zigman/5986735/delayed 18,095 -70 0.39%
Hang Seng
/quotes/zigman/2622475/delayed 20,935 -250 1.18%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,454 -243 0.95%
Singapore
/quotes/zigman/1709939/delayed 2,878 -5 0.16%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 -0.01 0.68%
Yen
/quotes/zigman/16008150/realtime/sampled 120.27 +0.89 0.75%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 +0.00 0.07%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 +0.00 0.28%
DXY Index
/quotes/zigman/1652083/delayed 95.79 +0.42 0.44%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.51 +0.34 0.38%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.19 +0.03 1.52%
German 10y
/quotes/zigman/15866409/realtime 0.78 -0.02 1.96%
Italy 10yr
/quotes/zigman/15866497/realtime 2.00 0.00 0.02%
Spain 10yr
/quotes/zigman/15866444/realtime 2.15 +0.01 0.45%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.82 -0.01 0.55%
Japan 10yr
/quotes/zigman/15866525/realtime 0.39 +0.03 8.56%
Crude Oil
/quotes/zigman/2331095/delayed 46 +0 0.77%
Gold
/quotes/zigman/662444/delayed 1,134 -6 0.54%
Corn
/quotes/zigman/7599553/delayed 367 -2 0.54%
DJIA F
/quotes/zigman/38649152/delayed 16,260 +173 1.08%
S&P F
/quotes/zigman/30356461/delayed 1,935 +19 1.00%
Silver
/quotes/zigman/3134148/delayed 15 +0 0.31%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 89.08 1.85 2.12%
AAPL /quotes/zigman/68270/composite 111.05 3.33 3.09%
GOOG /quotes/zigman/30194416/composite 606.98 9.19 1.54%
BAC /quotes/zigman/190927/composite 15.75 0.22 1.38%
C /quotes/zigman/5065548/composite 51.39 0.45 0.88%
F /quotes/zigman/264304/composite 13.81 0.09 0.66%
T /quotes/zigman/398198/composite 32.65 0.33 1.02%
BP /quotes/zigman/247026/composite 32.30 0.16 0.49%
GE /quotes/zigman/227468/composite 24.49 0.61 2.53%
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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  • /quotes/zigman/8669138/composite DWTI-2.73%
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  • /quotes/zigman/66695/composite VDSI0.00%
  • /quotes/zigman/20226781/composite BEAT+9.78%
  • /quotes/zigman/233216/composite MBI+13.68%
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