Establishes a newborn tax credit of $2,000 for each qualifying child born during the taxable year.

The Supporting Newborn Parents Act of 2026 amends the Internal Revenue Code to create a newborn tax credit. This credit allows taxpayers to claim $2,000 for each qualifying child born during the taxable year. The credit is subject to a phaseout based on the taxpayer's modified adjusted gross income. The Secretary of the Treasury is required to establish an online portal for taxpayers to make necessary elections and provide information.

Establishes a newborn tax credit of $2,000 for each qualifying child born during the taxable year.

The Supporting Newborn Parents Act of 2026 amends the Internal Revenue Code to create a newborn tax credit. This credit allows taxpayers to claim $2,000 for each qualifying child born during the taxable year. The credit is subject to a phaseout based on the taxpayer's modified adjusted gross income. The Secretary of the Treasury is required to establish an online portal for taxpayers to make necessary elections and provide information.