Bill > AB547

This bill introduces a new tax credit for in vitro fertilization (IVF) expenses for California taxpayers, available for tax years 2026 through 2030. The credit would allow qualified taxpayers to claim up to $5,000 for IVF-related expenses not covered by insurance, including a comprehensive range of medical procedures such as testing, egg retrieval, embryo transfer, medications, and monitoring. To be considered a qualified taxpayer, individuals must have an adjusted gross income of $150,000 or less for single filers, or $300,000 or less for joint filers. The bill requires the Franchise Tax Board to submit annual reports detailing the number of taxpayers claiming the credit and the total dollar value of credits allowed. The legislation aims to provide financial relief to Californians undergoing fertility treatments, acknowledging the often significant out-of-pocket costs associated with IVF. The bill specifies that taxpayers who claim this credit must reduce other potential tax deductions by the amount of the credit, and it is set to be operative until December 1, 2031, after which it will be automatically repealed.

Budget and Finance

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB547