Is cord blood banking tax deductible?

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asked Jul 7, 2019 in Pregnancy by 3567gto (310 points)
Is cord blood banking tax deductible?

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answered Jul 7, 2019 by Cathy21 (85,770 points)
Cord blood banking is sometimes tax deductible as a medical expense so you can check with whoever you do your income tax with as to whether or not you can deduct the cord blood banking as a medical expense.

In most cases and most places you can use cord blood banking as a tax deduction but just check with your tax preparer to be sure if you can do so on your income tax as sometimes you can and sometimes you can't.

Cord blood banking is a wonderful thing and worth the cost especially if you have cancer or diseases that are in your family.

The cord blood banking could eventually if needed save your child's life and that is worth every cent spent on the cord blood banking.

Cord blood banking is also sometimes covered through health insurance especially if the cord blood banking is deemed medically necessary for your child or for someone in your family.

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