IVF Access and Affordability Act

HR 1878 creates a new federal tax credit for out-of-pocket expenses related to fertility treatments like IVF. It allows eligible taxpayers to claim a credit equal to up to $20,000 per year (or $40,000 for joint filers) for qualifying expenses, subject to income limits ($200,000 AGI for individuals, $400,000 for couples). The credit phases out for taxpayers earning above these thresholds and cannot be claimed for expenses covered by insurance or other deductions. This directly affects individuals and couples seeking fertility treatments who pay for them out-of-pocket.