Good News For New Parents

For those who itemize their deductions and are recent parents, the US Internal Revenue Service has recently approved a new itemization for the 2010 tax year.  Breast-feeding supplies, such as breast milk pumps and pads are now considered a valid claim under the classification of other medical supplies.

Previously, supplies for breast-feeding were only claimable under the classification of "healthy nutrition".  Now that they are classified as a medical expense, they are reimbursable under a flexible health spending account.  This is covered under section 213d of the Internal Revenue Code.  Assuming the cost of breast-feeding supplies, along with other claims for medical expenses, are not covered by insurance they are allowed to the extent that they are greater than 7.5% of adjusted gross income.