Medical Expenses Deduction for double income couple
Posted: Sun Nov 28, 2021 9:29 am
Hi guys
My wife and I both work and our salaries are roughly identical. We're trying to have kids and have been spending scary amounts of money on IVF treatment.
We're now making preparations for our tax returns and were wondering how to use the medical expenses deduction.
I understand that one spouse can claim all medical expenses of the couple on his/her tax return. But is it possible to split the household's total medical expenses between the 2 spouses for tax purposes? Medical expenses deduction is capped at 2m yen and I am pretty sure that with IVF costs our total household bill for medical expenses is above that cap. Could I claim the medical expense up to 2m yen and have my wife claim the excess on her tax return?
My wife and I both work and our salaries are roughly identical. We're trying to have kids and have been spending scary amounts of money on IVF treatment.
We're now making preparations for our tax returns and were wondering how to use the medical expenses deduction.
I understand that one spouse can claim all medical expenses of the couple on his/her tax return. But is it possible to split the household's total medical expenses between the 2 spouses for tax purposes? Medical expenses deduction is capped at 2m yen and I am pretty sure that with IVF costs our total household bill for medical expenses is above that cap. Could I claim the medical expense up to 2m yen and have my wife claim the excess on her tax return?