IVF for Families Act

Bill: 118-hr-9333
Sponsor: full_name: Rep. Kean, Thomas H. [R-NJ-7]
Introduced: 2024-08-09
Policy area: Taxation
Latest action: action_date: 2024-08-09
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2024-08-09
action_desc: Introduced in House
text: <p><strong>IVF for Families Act</strong></p><p>This bill establishes a nonrefundable tax credit of up to $15,000 for qualified fertility treatment expenses paid or incurred during the tax year.</p><p>Expenses that qualify for the tax credit include any amounts paid or incurred for procedures intended to facilitate pregnancy, including those that involve the handling of human egg, sperm, or embryo outside of the body (e.g., in vitro fertilization), and those that do not involve the handling of human egg, sperm, or embryo outside of the body (e.g., ovulation induction).</p><p>The tax credit may not be claimed for any fertility treatment expenses that were reimbursed by insurance or that are used to claim another tax credit or deduction.</p><p>Taxpayers who are married at the end of the tax year must file a joint return to claim the tax credit. The requirement to file a joint return does not apply to individuals legally separated, divorced, and some married individuals living apart.</p><!--tinycomments|2.1|data:application/json;base64,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-->

tv_txt: I 118th CONGRESS 2d Session H. R. 9333 IN THE HOUSE OF REPRESENTATIVES August 9, 2024 Mr. Kean of New Jersey introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to provide an income tax credit for the costs of certain fertility treatments.

1. Short title This Act may be cited as the IVF for Families Act . 2. Credit for certain fertility treatments (a) In general Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting before section 24 the following new section: 23A. Credit for certain fertility treatments (a) Allowance of credit In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the qualified fertility treatment expenses paid or incurred during the taxable year. (b) Dollar limitation The amount of the credit allowed under subsection (a) for any taxable year shall not exceed $15,000. (c) Qualified fertility treatment expenses For purposes of this section, the term qualified fertility treatment expenses means amounts paid or incurred for procedures intended to facilitate a pregnancy, including— (1) such treatments or procedures that involve the handling of human egg, sperm, and embryo outside of the body, including in vitro fertilization and maturation, egg and embryo cryopreservation, egg and embryo donation, and intracytoplasmic sperm injection, and (2) such treatments or procedures that do not involve the handling of human egg, sperm, and embryo outside of the body, including ovulation induction, genetic screening and diagnosis, sperm cryopreservation, and intrauterine insemination. (d) Married couples must file joint returns Rules similar to the rules of paragraphs (2), (3), and (4) of section 21(e) shall apply for purposes of this section. (e) Denial of double benefit (1) In general No credit shall be allowed under subsection (a) for any expense for which a deduction or credit is taken under any other provision of this chapter. (2) Insurance reimbursement No credit shall be allowed under subsection (a) for any expense to the extent that payment for such expense is made, or reimbursement for such expense is received, under any insurance policy. . (b) Conforming amendments (1) The table of sections for subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after the item relating to section 23 the following new item: Sec. 23A. Credit for certain fertility treatments. . (2) Section 23(c)(1) of such Code is amended by striking section 25D and inserting sections 23A and 25D . (3) Section 25(e)(1)(C) of such Code is amended by inserting , 23A, after 23 . (c) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.