Fertility Cost Relief Act

The Fertility Cost Relief Act allows individuals to withdraw up to $20,000 from their retirement accounts to pay for fertility treatments without incurring the usual early withdrawal penalty. This provision directly affects people seeking assisted reproductive technologies, such as in vitro fertilization, egg or sperm preservation, and fertility medications, as well as their spouses or domestic partners. The bill defines eligible expenses broadly and sets a lifetime limit on penalty-free withdrawals, with the dollar amount adjusted for inflation after 2026. To use this benefit, the funds must be spent on qualifying treatments within one year of being withdrawn from an eligible retirement plan.