[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7425 Introduced in House (IH)]
<DOC>
118th CONGRESS
2d Session
H. R. 7425
To amend the Internal Revenue Code of 1986 to provide a deduction for
certain newborn expenses.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
February 20, 2024
Mr. Schweikert introduced the following bill; which was referred to the
Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to provide a deduction for
certain newborn expenses.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. DEDUCTION FOR CERTAIN NEWBORN EXPENSES.
(a) In General.--Part VII of subchapter B of chapter 1 of the
Internal Revenue Code of 1986 is amended by inserting after section 213
the following new section:
``SEC. 214. CERTAIN NEWBORN EXPENSES.
``(a) In General.--In the case of an individual, there shall be
allowed as a deduction the qualified newborn expenses paid by the
taxpayer for a qualifying child of the taxpayer during the taxable year
which includes the date of such child's birth.
``(b) Limitations.--
``(1) Maximum deduction.--The qualified newborn expenses
taken into account under subsection (a) with respect to any
qualifying child shall not exceed $5,000.
``(2) Limitation based on modified adjusted gross income.--
No deduction shall be allowed under subsection to any taxpayer
for any taxable year if such taxpayer's modified adjusted gross
income for such taxable year exceeds $100,000 ($200,000, in the
case of a joint return).
``(3) Modified adjusted gross income.--For purposes of this
subsection, the term `modified adjusted gross income' means
adjusted gross income determined without regard to this section
and increased by any amount excluded from gross income under
section 911, 931, or 933.
``(c) Qualified Newborn Expenses.--For purposes of this section,
the term `qualified newborn expenses' means amount paid for infant
formula, baby bottles, diapers, infant car seat, baby stroller, and a
crib. Not more than one infant car seat, one baby stroller, and one
crib shall be taken into account under this section with respect to any
qualifying child.
``(d) Social Security Number Requirements.--
``(1) Taxpayer.--No deduction shall be allowed under
subsection (a) for any taxable year unless the taxpayer
includes the social security number of the taxpayer (in the
case of a joint return, the social security number of either
spouse) on the return of tax for such taxable year.
``(2) Qualifying child.--Qualified newborn expenses of a
qualifying child shall not be taken into account under this
section for any taxable year unless the taxpayer includes the
social security number of such qualifying child on the return
of tax for such taxable year.
``(3) Social security number.--For purposes of this
subsection--
``(A) In general.--The term `social security
number' means a social security number issued to an
individual by the Social Security Administration, but
only if the social security number is issued--
``(i) to a citizen of the United States or
pursuant to subclause (I) (or that portion of
subclause (III) that related to subclause (I))
of section 205(c)(2)(B)(i) of the Social
Security Act, and
``(ii) before the due date of the return of
tax on which such number is required to be
included.
``(B) Adoption taxpayer identification numbers.--
For purposes of paragraph (2), in the case of a
qualifying child who is adopted or placed for adoption,
the term `social security number' shall include the
adoption taxpayer identification number of such child.
``(e) Election To Determine Deduction for Taxable Year Following
Birth Year.--If the taxpayer elects (at such time and in such manner as
the Secretary may provide) the application of this subsection with
respect to any qualifying child, subsection (a) shall be applied with
respect to such qualifying child by substituting `the taxable year
immediately following the taxable year' for `the taxable year'.
``(f) Qualifying Child.--For purposes of this section, the term
`qualifying child' has the meaning given such term by section 152.
``(g) Termination.--No credit shall be allowed under this section
for any taxable year beginning after December 31, 2029.''.
(b) Deduction Allowed Whether or Not Taxpayer Itemizes.--Section
62(a) of such Code is amended by inserting after paragraph (7) the
following new paragraph:
``(8) Certain newborn expenses.--The deduction allowed by
section 214.''.
(c) Omission of Correct Social Security Number Treated as a
Mathematical or Clerical Error.--Section 6213(g)(2) of such Code is
amended by striking ``and'' at the end of subparagraph (U), by striking
the period at the end of subparagraph (V) and inserting ``, and'', and
by inserting after subparagraph (V) the following new subparagraph:
``(W) an omission of a correct social security
number under paragraph (1) or (2) of section 214(d) to
be included on the return.''.
(d) Clerical Amendment.--Part VII of subchapter B of chapter 1 of
such Code is amended by inserting after the item relating to section
213 the following new item:
``Sec. 214. Certain newborn expenses.''.
(e) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2024.
<all>