"The cost of breast pumps and other lactation supplies is a medical expense that can be reimbursed by flexible spending accounts, the IRS announces publicly. The Service has reversed its position on this issue. Late last year, it privately ruled that those costs weren't deductible medical expenses and could not be reimbursed."
This is great news if it applies to you! Here's another one. I read in Money Magazine earlier in the summer that you could deduct the cost of summer camp as child care expenses. Sounds fabulous! But is that true?
Any time you run across a factoid that sounds like a great tax savings for you, always check it out with your tax advisor, or contact the IRS directly. While I have to believe that Kiplinger is reporting facts, I was wary of the summer camp deduction. Publications for the general public are foucsed on selling magazines, not being a personal tax guru.
Turns out, there are stipulations on your work to determine if you qualify for a summer camp deduction. The tax rules are complex, even for the small stuff, so don't underestimate the value of a good CPA.