Wisconsin Creates Stillbirth Individual Income Tax Credit

The Wisconsin Governor signed a law that includes: 1) creating a nonrefundable individual income tax credit for the parents of a stillbirth; and 2) providing a credit of $2,000 for married persons filing jointly, and a credit of $1,000 for married persons filing separately or unmarried persons. The law took effect on April 11 and is applicable for taxable years beginning on and after Jan. 1. [A.B. 373, enacted 04/09/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.