H.R.1878 - IVF Access and Affordability Act (119th Congress)
Summary
H.R.1878, the IVF Access and Affordability Act, proposes to amend the Internal Revenue Code of 1986 to provide an income tax credit for fertility treatments. The bill introduces a new section, 23A, which allows eligible individuals a credit for assisted reproductive technology expenses. The credit is subject to limitations based on income and dollar amounts, with carryforward provisions for unused credits.
Expected Effects
The bill aims to reduce the financial burden of fertility treatments for eligible individuals and couples. It establishes specific credit amounts and income thresholds to determine eligibility. The Act also includes provisions to prevent double benefits and ensure proper expense accounting.
Potential Benefits
- Makes fertility treatments more accessible and affordable for individuals and couples struggling with infertility.
- Provides financial relief through a tax credit, potentially encouraging more people to seek treatment.
- Could lead to an increase in births for families who otherwise could not afford IVF.
- May stimulate economic activity in the fertility treatment industry.
- Offers a potential benefit to taxpayers who meet the income requirements.
Most Benefited Areas:
Potential Disadvantages
- Could increase the national debt if not offset by other revenue increases or spending cuts.
- May disproportionately benefit higher-income individuals who can still afford treatment after the credit.
- The income limitations may exclude some middle-income individuals from receiving the full benefit.
- Potential for fraud or abuse in claiming the credit.
- The complexity of the tax code could increase due to the new credit.
Most Disadvantaged Areas:
Constitutional Alignment
The bill appears to align with the general welfare clause of the Constitution (Preamble). Congress has the power to lay and collect taxes to provide for the general welfare of the United States. The bill does not appear to infringe upon any specific constitutional rights or protections. The power to regulate taxes is explicitly granted to Congress in Article I, Section 8, Clause 1.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).