WI SB687

Creates a nonrefundable income tax credit of up to $5,000 per year for unreimbursed in vitro fertilization expenses, including consultations, procedures, and prescribed drugs incurred by the taxpayer or spouse

Income limits apply: $100,000 adjusted gross income for single filers or married filing separately, $200,000 for married couples filing jointly

Excludes expenses for insurance coverage, travel, mileage, lodging, and amounts paid through health savings accounts, medical savings accounts, or similar tax-advantaged programs

Effective for taxable years beginning after December 31, 2025

Claimants cannot claim the same IVF expenses under both this credit and the existing medical expense deduction in the same tax year