H.R. 7425 · 118th Congress
To amend the Internal Revenue Code of 1986 to provide a deduction for certain newborn expenses.
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
SchweikertSponsor1 cosponsor · 1 R
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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).
What it does: CRS summary · 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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Internal Revenue Code of 1986 to provide a deduction for certain newborn expenses.
Latest action (Feb 20, 2024): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Feb 20, 2024
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.