H.R.8806

The Supporting Newborn Parents Act of 2026 introduces a $2,000 tax credit for each newborn child of a taxpayer.

The Supporting Newborn Parents Act of 2026 amends the Internal Revenue Code to establish a newborn tax credit. This credit allows a taxpayer to claim $2,000 for each qualifying child born during the taxable year. The credit can be applied to the year of birth or the preceding year, at the taxpayer's election. The credit amount may be reduced based on the taxpayer's modified adjusted gross income and rounded to the nearest $100. The credit is subject to an inflation adjustment starting from 2027.