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.

# HR 1427 Summary **What the Bill Would Do:** This bill proposes two tax credit changes to help families with child-related expenses. First, it would increase the existing adoption tax credit, which currently allows families to deduct certain adoption costs from their taxes. Second, it would create a new tax credit for in vitro fertilization (IVF) expenses, allowing families to deduct costs associated with fertility treatments.

Both credits would reduce the amount of federal income tax that eligible families owe. **Who It Affects:** The bill targets families pursuing adoption or fertility treatments, potentially making these expensive processes more financially accessible. The specific dollar amounts of the credit increases are not detailed in the bill summary provided, so the extent of the financial benefit would depend on the final bill language. **Current Status:** HR 1427 is currently in committee, meaning it has been assigned to the relevant congressional committee for review and discussion but has not yet been voted on by the full House of Representatives. The bill was introduced by Representative Ryan Mackenzie (R-PA) in the 119th Congress.