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10 Oddball Tax Deductions You Won’t Believe Are Real

If you want to make tax season a little less painful and benefit from all sorts of extra deductions, you don’t have to reinvent the wheel. Just do your research and find…

Genetic Testing Kits

With regard to DNA testing, there are many people nowadays who call for the services of DNA ancestry centers to find out their ancestry’s regions and ethnicities as well as to undergo genetic testing.

If you want to know any DNA-related information on your own, your best option would be to buy a kit from 23 and Me. According to the IRS, a part of combined health and ancestry kit’s price may be considered a deductible medical expense. In addition, those who purchase the DNA collection kit and pay something extra for the genetic testing can split the kit’s price between the nondeductible ancestry services and the deductible health testing. These are treated as medical expenses deductible by itemizers on Schedule A, in so far as the overall medical costs surpass 7.5% of adjusted gross income. Genetic health services can also be covered by your health spending account or health savings account.

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