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Politiparty

118th Congress Taxation

H.R. 7425: To amend the Internal Revenue Code of 1986 to provide a deduction for certain newborn expenses.

Introduced

  1. Introduced (completed)Feb 20, 2024
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

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 Congressional Research Service, Library of Congress.

Roll calls

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Amendments

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Cosponsors

1

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Other bills by David Schweikert

History

  1. Feb 20, 2024Introduced in the House by David Schweikert.
Show the full action history (2 actions)
  1. Feb 20, 2024Introduced in House
  2. Feb 20, 2024Referred to the House Committee on Ways and Means.