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.
Summary
What This Bill Does
H.R. 1427 expands two family-formation tax benefits. It raises the adoption credit's key dollar amounts from $10,000 to $25,000 and adds inflation adjustments for tax years after 2025. It also creates new section 25F, allowing individuals to claim a credit for qualified in vitro fertilization expenses paid or incurred for medical care related to IVF for the taxpayer or spouse. Expenses used for the IVF credit cannot also be fully used for another deduction or credit; they must be reduced by the credit amount to prevent double tax benefits.
Who Benefits and How
Adoptive families benefit because the adoption credit rises to $25,000 and adjusts for inflation. Prospective parents using IVF benefit from a new tax credit for qualified fertility treatment expenses. Adoption agencies benefit indirectly if larger credits reduce after-tax adoption costs for families. Fertility clinics benefit if IVF patients can offset more treatment costs through the tax code.
Who Bears the Burden and How
Federal taxpayers bear the revenue cost of larger adoption credits and the new IVF credit. The Internal Revenue Service must administer new adoption-credit amounts, inflation adjustments, and section 25F. Tax preparers must coordinate IVF expenses with other deductions and credits to prevent double counting. Budget writers must forecast the cost of expanded family-formation tax credits.
Key Provisions
- Amends the adoption credit to increase key dollar amounts to $25,000.
- Provides inflation adjustments for adoption credit amounts after 2025.
- Creates new section 25F for qualified in vitro fertilization expenses.
- Requires IVF expenses used for the new credit to be reduced for other deduction or credit purposes.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
Amends the adoption credit by increasing key dollar amounts to $25,000 with inflation adjustment and creates a new tax credit for qualified in vitro fertilization expenses.
Key Policy Areas
Tax, Adoption, Fertility Care
Primary Purpose
Amends the adoption credit by increasing key dollar amounts to $25,000 with inflation adjustment and creates a new tax credit for qualified in vitro fertilization expenses.
Policy Domains
Resolution provisions
Identified Gains
- Adoptive families
- IVF patients
- Adoption agencies
- Fertility clinics
Identified Costs
- Federal taxpayers
- Internal Revenue Service
- Tax preparers
- Budget writers
Legislative Progress
In CommitteeMr. Mackenzie introduced the following bill; which was referred to …
Referred to the House Committee on Ways and Means.
Introduced in House
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Bill Structure & Actor Mappings
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