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Main Subject: Taxation

This bill allows individual taxpayers a tax deduction from gross income (above-the-line deduction) through 2029 for their qualified newborn expenses, up to $5,000. The deduction is not available for taxpayers whose modified adjusted gross income exceeds $100,000 ($200,000 in the case of a joint return).

The bill defines qualified newborn expenses to include amounts paid for infant formula, baby bottles, diapers, infant car seats, baby strollers, and cribs.

Taxpayers must include their social security number on their tax returns to qualify for the deduction.

House floor actions Actions

IntroReferral
Feb. 20 2024	Referred to the House Committee on Ways and Means.

Library of Congress Actions

IntroReferral
Feb. 20 2024	Introduced in House Introduced in House

House bill HR7425-118

To amend the Internal Revenue Code of 1986 to provide a deduction for certain newborn expenses.

House bill HR7425-118

To amend the Internal Revenue Code of 1986 to provide a deduction for certain newborn expenses.

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