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119-hr-1427119th CongressWALLET

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.

Sponsored By: Representative Mackenzie, Ryan [R-PA-7]

Introduced

Summary

Tax credits: This bill would expand federal tax help for families by raising the adoption tax credit and adding a new credit for in vitro fertilization expenses. It aims to lower the out-of-pocket cost of adoption and fertility care.

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  • Adoptive parents of children with special needs would see the adoption credit rise from $10,000 to $25,000.
  • Adoptive families generally would get a higher maximum adoption credit raised to $25,000 and key credit limits would be indexed to inflation starting for taxable years after December 31, 2025, with adjusted amounts rounded to the nearest $10.
  • Prospective parents using in vitro fertilization would get a new nonrefundable credit for qualified IVF medical expenses paid after enactment, and the credit would reduce other deductions or credits for the same expense to prevent double benefits.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Adoption tax credit up to $25,000

This bill would raise the adoption tax credit to $25,000. For adoptions of a child with special needs, the credit would also be $25,000. The higher amounts would apply to tax years that start after December 31, 2024. Starting with tax years after December 31, 2025, the credit amounts and the income phase‑out limits would rise with inflation and be rounded to the nearest $10. Income limits would still apply.

New tax credit for IVF expenses

This bill would create a new, nonrefundable credit equal to your qualified in vitro fertilization (IVF) medical expenses. If you file jointly, you could include your spouse’s IVF expenses. You could not also deduct or take another credit for the same expense. The credit would apply to IVF costs paid after the bill is enacted and would lower your tax bill, but it would not create a refund if you owe no tax.

Sponsors & CoSponsors

Sponsor

Mackenzie, Ryan [R-PA-7]

PA • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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