To amend the Internal Revenue Code of 1986 to provide a deduction for certain newborn expenses.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Feb 20, 2024)
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.
What just happenedFeb 20, 2024
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseFeb 20, 2024
- Feb 20, 2024IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Feb 20, 2024IntroReferralIntro-H
Introduced in House
- Feb 20, 2024IntroReferral1000
Introduced in House