IVF for Families Act

The IVF for Families Act creates a new federal tax credit for individuals who pay for covered fertility treatments, up to $15,000 annually. It directly affects people undergoing fertility procedures like in vitro fertilization (IVF), egg/sperm donation, genetic screening, or intrauterine insemination, but requires married couples to file joint tax returns to claim the credit. The credit covers qualified expenses paid during the tax year, excluding amounts already reimbursed by insurance or claimed elsewhere on the tax return. This policy change would reduce the out-of-pocket cost of fertility care for eligible individuals by allowing a direct tax reduction.