Bill > HR1878

This bill proposes to create a new tax credit to help individuals and couples offset the costs of fertility treatments, specifically assisted reproductive technology (ART) expenses. The bill would allow eligible individuals to claim a tax credit of up to $20,000 per year for expenses related to fertility treatments, with this limit increasing to $40,000 for joint filers. The credit is subject to income limitations, beginning to phase out for single taxpayers with adjusted gross incomes above $200,000 and for joint filers above $400,000. Unused credits can be carried forward for up to 5 years, and the credit applies to expenses for the taxpayer, their spouse, or dependents. Importantly, the credit cannot be claimed for expenses already reimbursed by insurance or claimed under another tax benefit. The bill defines assisted reproductive technology using the definition from the Fertility Clinic Success Rate and Certification Act of 1992, which typically includes medical procedures like in vitro fertilization (IVF) that help individuals overcome fertility challenges. The tax credit would be available for taxable years beginning after the date of the Act's enactment, potentially making fertility treatments more financially accessible for many Americans.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/1878/all-info