New jersey bill proposes tax deduction for in vitro fertilization costs

TRENTON, NJ—A new bill in New Jersey aims to offer financial relief to residents undergoing in vitro fertilization (IVF) by allowing them to claim a significant tax deduction. The proposed legislation would enable taxpayers to deduct 50% of their out-of-pocket costs for IVF treatments from their gross income.

This deduction applies only to expenses not covered by specific health insurance plans or those that have not been previously deducted as medical expenses on the taxpayer’s return. Under current regulations, New Jersey residents can deduct certain unreimbursed medical expenses exceeding two percent of their gross income, in line with federal allowances which include fertility enhancement procedures.

The bill specifically benefits those not covered by major New Jersey health insurance programs and those who incur IVF expenses that are ineligible for existing tax deductions.

This legislative effort reflects an increasing recognition of the financial burdens associated with fertility treatments.

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