To amend the Internal Revenue Code of 1986 to increase the amount of the adoption credit and to establish the in vitro fertilization expenses credit.

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1427 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 1427

 To amend the Internal Revenue Code of 1986 to increase the amount of 
    the adoption credit and to establish the in vitro fertilization 
                            expenses credit.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 18, 2025

Mr. Mackenzie introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to increase the amount of 
    the adoption credit and to establish the in vitro fertilization 
                            expenses credit.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. INCREASE IN ADOPTION CREDIT AMOUNT.

    (a) In General.--
            (1) Increase in credit for adoption of child with special 
        needs.--Section 23(a)(3) of the Internal Revenue Code of 1986 
        is amended--
                    (A) in the heading, by striking ``$10,000'' and 
                inserting ``$25,000'', and
                    (B) by striking ``$10,000'' and inserting 
                ``$25,000''.
            (2) Increase in maximum credit amount.--Section 23(b)(1) of 
        such Code is amended by striking ``$10,000'' and inserting 
        ``$25,000''.
    (b) Change in Base Year for Inflation Adjustment.--Section 23(h) of 
such Code is amended to read as follows:
    ``(h) Adjustments for Inflation.--
            ``(1) In general.--In the case of a taxable year beginning 
        after December 31, 2025, each of the dollar amounts in 
        subsection (a)(3) and paragraphs (1) and (2)(A)(i) of 
        subsection (b) shall be increased by an amount equal to--
                    ``(A) such dollar amount, multiplied by
                    ``(B) The cost-of-living adjustment determined 
                under section 1(f)(3) for the calendar year in which 
                the taxable year begins, determined by substituting 
                `calendar year 2024' for `calendar year 2016' in 
                subparagraph (A)(ii) thereof.
            ``(2) Rounding.--If any amount as increased under paragraph 
        (1)is not a multiple of $10, such amount shall be rounded to 
        the nearest multiple of $10.
            ``(3) Special rule for income limitation.--In the case of 
        the dollar amount in subsection (b)(2)(A)(i), paragraph (1) 
        shall be applied--
                    ``(A) by substituting `2002' for `2024' in the 
                matter preceding subparagraph (A), and
                    ``(B) by substituting `calendar year 2001' for 
                `calendar year 2023' in subparagraph (B) thereof.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2024.

SEC. 2. IN VITRO FERTILIZATION EXPENSES CREDIT.

    (a) In General.--Part IV of subchapter A of chapter 1 of the 
Internal Revenue Code of 1986 is amended by inserting after section 25E 
the following new section:

``SEC. 25F. IN VITRO FERTILIZATION EXPENSES.

    ``(a) Credit Allowed.--In the case of an individual, there shall be 
allowed as a credit against the tax imposed by this chapter the amount 
of the qualified in vitro fertilization expenses paid or incurred by 
the taxpayer during the taxable year.
    ``(b) Qualified in Vitro Fertilization Expenses.--For purposes of 
this section, the term `qualified in vitro fertilization expenses' 
means amounts paid or incurred for medical care (as defined in section 
213(d)) relating to in vitro fertilization for the taxpayer (or the 
taxpayer's spouse, in the case of a joint return).
    ``(c) No Double Benefit.--Any qualified in vitro fertilization 
expense which would (but for this subsection) be taken into account for 
purposes of any deduction (or any credit other than the credit allowed 
under this section) shall be reduced by the amount of the credit 
allowed under subsection (a) with respect to such expense.''.
    (b) Clerical Amendment.--The table of sections for Part IV of 
subchapter A of chapter 1 of such Code is amended by inserting after 
the item relating to section 25E the following new item:

``Sec. 25F. In vitro fertilization expenses.''.
    (c) Effective Date.--The amendments made by this shall apply to 
amounts paid or incurred after the date of the enactment of this 
section.
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