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

Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 20 February 2024

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 20 February 2024

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 20 February 2024

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.