Bill > AB702

This bill creates a nonrefundable income tax credit for individuals who pay out-of-pocket medical expenses related to in vitro fertilization (IVF), a complex fertility treatment where eggs are fertilized with sperm outside the body in a laboratory. The credit would be available for taxable years beginning after December 31, 2025, and allows claimants to receive up to $5,000 in tax credits for unreimbursed expenses specifically for IVF consultations, procedures, and prescribed drugs incurred by the taxpayer or their spouse. To qualify, individuals must have an adjusted gross income below specific thresholds: $100,000 for single or married filing separately returns, and $200,000 for joint returns. The bill explicitly prohibits claiming credits for insurance, travel, mileage, lodging, or expenses paid through health savings accounts, medical savings accounts, or similar programs. Additionally, taxpayers cannot claim the same expenses under this credit that they might claim under another tax credit provision, and they must claim the credit within the standard tax filing time period. The Wisconsin Department of Revenue will be responsible for creating appropriate forms and instructions to help taxpayers understand and apply for this new tax credit.

Government Affairs

https://docs.legis.wisconsin.gov/2025/proposals/reg/asm/bill/ab702