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New Tax Credit Up to $15,000 for Fertility Treatments, Including IVF.

This bill creates a new income tax credit designed to help families manage the high costs of fertility treatments. Individuals can claim up to $15,000 annually for expenses related to procedures like in vitro fertilization (IVF) and other methods aimed at facilitating pregnancy. This financial relief is not available for costs already covered by insurance policies.
Key points
Establishes a new tax credit for qualified fertility treatment expenses.
The maximum annual credit amount is $15,000 per taxpayer.
Covers a wide range of procedures, including IVF, cryopreservation, and genetic screening.
Expenses reimbursed by insurance policies are not eligible for this credit.
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Additional Information
Print number: 118_HR_9333
Sponsor: Rep. Kean, Thomas H. [R-NJ-7]
Process start date: 2024-08-09