Fertility Cost Relief Act
To amend the Internal Revenue Code of 1986 to exempt certain retirement plan distributions used to pay qualified fertility treatment expenses from the early withdrawal tax.
This bill proposes to change tax rules for retirement funds. Specifically, it aims to remove the early withdrawal tax penalty for certain retirement plan distributions that are used to pay for qualified fertility treatments. This means that individuals could take money out of their retirement savings to cover fertility expenses without facing additional taxes.
This bill would affect individuals who are using their retirement savings for fertility treatments. By removing the early withdrawal tax, it could make it easier for people to access the funds they need for these treatments without incurring extra financial burdens.
As of July 16, 2026, the bill has been introduced in the House and referred to the House Committee on Ways and Means. This means it is currently in the early stages of the legislative process, where it will be reviewed and potentially discussed in committee.
