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Babies Encyclopedia: What baby items are tax deductible?

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CafeMom Team

Asked by CafeMom Team at 10:23 AM on Sep. 10, 2010 in Babies (0-12 months)

Level 11 (576 Credits)
Answers (7)
  • Out of pocket medical expenses for you and baby are tax deductible but day to day baby items are not tax deductible. You will of course be able claim the baby as a dependant at tax time and receive a credit on your tax return.
    RentaMom

    Answer by RentaMom at 10:28 AM on Sep. 10, 2010

  • I didnt think any expenses were tax ductable, only that you get to claim your child as a dependent on your taxes.
    bluerose26

    Answer by bluerose26 at 10:33 AM on Sep. 10, 2010

  • Medical and I belive daycare that's about it!.
    cynprz

    Answer by cynprz at 10:42 AM on Sep. 10, 2010

  • If you have an FSA, health expenses and childcare. HSA: just healthcare. If you don't have either, only medical expenses over a certain percantage of your total income.
    Candi1024

    Answer by Candi1024 at 11:02 AM on Sep. 10, 2010


  • Many times we don't know what to do with extra baby clothes that don't fit any longer or are out of season. There are many expectant mothers and new mothers in need of baby clothes, small children clothes, blankets and baby gears. Use these tips to help you locate some of these mothers to donate your extra baby clothes and gears.

    Look for local branches of non profit organizations such as the Salvation Army, Goodwill Industries and smaller not for profits. These organizations take donations of all types including baby clothes and baby gears all year long. These items are later donated and sometimes sold at discounted prices.

    See second post plz.


    MTM

    Answer by MTM at 11:56 AM on Sep. 10, 2010


  • Obtain and keep your donation receipts for tax deductions. When you donate to an organized not for profit organization, a church or a women shelter the value of the donated baby items may be tax deductible. Obtain a receipt signed by the receiver organization staff for your records.



    MTM

    Answer by MTM at 11:57 AM on Sep. 10, 2010

  • Baby themselves are a deductible. Sometimes day care, and medical expenses can be, but that varies based on your insurance policies, the states you live in, etc. (For those cases it's best to talk to an accountant).
    Aside from that, as I said, baby themselves are a deductible and the deductible is designed to cover minimum expenses, such and tax reductions for clothes and food, etc.
    xxhazeldovexx

    Answer by xxhazeldovexx at 1:33 PM on Sep. 10, 2010

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