IVF Access and Affordability Act

Bill 119 HR 1878, also known as the Fertility Treatment Tax Credit Act, aims to amend the Internal Revenue Code of 1986 to provide an income tax credit for individuals undergoing fertility treatments. The bill proposes a tax credit that would help offset the costs associated with fertility treatments, such as in vitro fertilization (IVF) and other assisted reproductive technologies.

The tax credit would be available to individuals who incur expenses for fertility treatments, up to a certain limit. The amount of the tax credit would be based on the total expenses incurred for fertility treatments during the tax year. This credit would provide financial relief to individuals and couples struggling with infertility, who often face significant out-of-pocket costs for these treatments.

The bill does not specify the exact amount of the tax credit or the eligibility criteria for individuals to qualify for the credit. However, it is aimed at providing support to individuals and couples who are seeking to start or expand their families through fertility treatments. Overall, the Fertility Treatment Tax Credit Act seeks to address the financial burden faced by individuals undergoing fertility treatments and promote access to these important medical services.