A127

New Jersey bill A127 allows a tax deduction for 50% of in vitro fertilization treatment costs for eligible taxpayers.

New Jersey bill A127 provides a gross income tax deduction for in vitro fertilization treatment expenses. This deduction applies to taxpayers not covered by specific health insurance plans and those who have incurred out-of-pocket expenses not eligible for federal tax deductions. Eligible taxpayers can deduct 50% of their IVF treatment costs for themselves, their spouse, or domestic partner. This deduction applies to taxable years beginning on or after January 1 following the bill's enactment.