Section 1. Short title
This Act may be cited as the IVF for Families Act.
(a) In general
Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting before section 24 the following new section:
(a) Allowance of credit
In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the qualified fertility treatment expenses paid or incurred during the taxable year.
(b) Dollar limitation
The amount of the credit allowed under subsection (a) for any taxable year shall not exceed $15,000.
(c) Qualified fertility treatment expenses
For purposes of this section, the term qualified fertility treatment expenses means amounts paid or incurred for procedures intended to facilitate a pregnancy, including—
(1) such treatments or procedures that involve the handling of human egg, sperm, and embryo outside of the body, including in vitro fertilization and maturation, egg and embryo cryopreservation, egg and embryo donation, and intracytoplasmic sperm injection, and
(2) such treatments or procedures that do not involve the handling of human egg, sperm, and embryo outside of the body, including ovulation induction, genetic screening and diagnosis, sperm cryopreservation, and intrauterine insemination.
(d) Married couples must file joint returns
Rules similar to the rules of paragraphs (2), (3), and (4) of section 21(e) shall apply for purposes of this section.
(1) In general
No credit shall be allowed under subsection (a) for any expense for which a deduction or credit is taken under any other provision of this chapter.
(2) Insurance reimbursement
No credit shall be allowed under subsection (a) for any expense to the extent that payment for such expense is made, or reimbursement for such expense is received, under any insurance policy.
(1) The table of sections for subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after the item relating to section 23 the following new item:
(2) Section 23(c)(1) of such Code is amended by striking section 25D and inserting sections 23A and 25D.
(3) Section 25(e)(1)(C) of such Code is amended by inserting, 23A, after 23.
(c) Effective date
The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.