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Created page with "S is for SPLIT. Income splitting is a strategy that involves transferring a portion of income from someone will be in a high tax bracket to someone who is in a lower tax range. It may even be possible to lessen tax on the transferred income to zero if this person, doesn't have got other taxable income. Normally, the other individual is either your spouse or common-law spouse, but it can also be your children. Whenever it is easy to transfer income to a person in a lower..."
 
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Revision as of 22:19, 24 August 2026

Note: This writer is not a CPA or tax quality. This article is for general information purposes, and need to not be construed as tax professional guidance. Readers are strongly encouraged to consult their tax professional regarding their personal tax situation.

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Regarding egg donors and sperm donors there was an IRS PLR, private letter ruling, saying it may be deductible for moms and dads as a medical expenditure. Since infertility is a medical condition, helping along having a baby could be construed as medical proper.

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