Bill · H.R. 1427· House(119-HR-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.
- Introduced
- 2/18/2025
- Last activity
- 2/18/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Ryan Mackenzie
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill proposes to amend the Internal Revenue Code of 1986. It seeks to increase the amount of the credit for the adoption of a child with special needs. Specifically, it changes the credit and maximum amount from $10,000 to $25,000. Additionally, the bill establishes a new in vitro fertilization expenses credit. This new credit would allow individuals to claim a credit for qualified medical expenses related to in vitro fertilization.
Yes· 3 of 6
Would children be better off under this?+3
The increased adoption credit specifically supports the placement of children with special needs into families.
Would middle-income households be better off under this?+3
The expansion of adoption credits and new fertility credits provides financial relief to middle-income families.
Would women be better off under this?+3
The new credit for in vitro fertilization expenses provides financial support for women seeking fertility treatments.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Increased adoption support: The bill increases the credit for the adoption of a child with special needs from $10,000 to $25,000, as stated in Section 1(a)(1) and Section 1(a)(2).
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Inflation adjustments for adoption credits: Section 1(b) changes the base year for inflation adjustments to ensure dollar amounts are adjusted based on a new cost-of-living calculation starting after December 31, 2025.
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New credit for fertility treatments: Section 2(a) establishes a credit for individuals who pay or incur qualified in vitro fertilization expenses, which includes medical care relating to the process for the taxpayer or their spouse.
Potential Negative Impacts for People
- Prevention of duplicate benefits: Under Section 2(a)(b), any qualified in vitro fertilization expense used for a deduction or another credit must be reduced by the amount of this new credit, meaning individuals cannot receive a double benefit for the same expense.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Children+3Good For Middle Class Households+3Good For Women+3
- Economy And Finance
- Reduces Middle Class Taxes+3
- Healthcare
- Improves Healthcare Access+3
- Social Issues And Justice
- Improves Childcare Affordability+2
- 2/18/2025
- Referred to the House Committee on Ways and Means.
- Introduced in House