A lot of us moms would like to find ways on how we can save especially if we just had a baby. As a matter of fact there are breastfeeding expenses that can be tax deductible.
Other moms would say that breastfeeding is free. Actually breastfeeding is not free, as a matter of fact it takes a lot of time, dedication, effort and sacrifices. Working moms may find it useful to know that a lot of breastfeeding stuff can be added as your tax deductible expenses.
Previously the idea to add breastfeeding supplies to be added as tax deductible expenses however this was rejected. Good thing though just recently the IRS agreed to add breastfeeding expenses to your tax deductible.
The new ruling means that families can use pre-tax funds from flexible spending accounts and health savings accounts to cover these costs.
Lactation supplies can run as high as $1000 in the first year of a baby’s life, including the typical cost of a breast pump.
These are the things that moms like us should know so we can maximize and get value out of our expenses.
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