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.

This bill raises the tax credit people can claim when they adopt a child from $17,280 to $25,000, with that amount continuing to go up over time to keep pace with inflation. It also creates a new tax credit to help cover costs related to in vitro fertilization (IVF), including medical treatment, insurance, and transportation expenses, for the person or their spouse. However, people cannot use this new IVF tax credit and also claim other tax breaks, like the medical expense deduction, for the same costs.

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