[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7425 Introduced in House (IH)]

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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.
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