You'll need to sign in or create an account to connect with an expert.
Possibly. Cord blood contains stem cells that doctors may use to treat disease. Thus, expenses for banking cord blood to treat an existing or imminently probable disease may qualify as deductible medical expenses. However, banking cord blood as a precaution to treat a disease that might possibly develop in the future does not satisfy the existing legal standard that at a minimum a disease must be imminently probable.
that is what I saw as well. is it tax deductible now?
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
summary-boon-3c
New Member
CVERVUURT
New Member
Olatunji
New Member
jondimals1
New Member
waynedunn620
Level 2