DNA testing company 23andMe has been in the the news recently. This week The Wall Street Journal published IRS Greenlights Tax Breaks for Buyers of 23andMe Geneticts Tests. The tax break article describes a new ruling by the IRS. Now some costs related to 23andMe health testing can use FSA or HSA medical spending account funds. Also, these costs can be included if itemizing medical expenses.
The 23andMe website has a new page with a detailed questions and answers section regarding this new change. If you bought DNA health testing services anytime since January 2019, be sure to visit this page.
