(a) In general (1) Increase in credit for adoption of child with special needs Section 23(a)(3) of the Internal Revenue Code of 1986 is amended— (A) in the heading, by striking $10,000 and inserting $25,000, and (B) by striking $10,000 and inserting $25,000. (2) Increase in maximum credit amount Section 23(b)(1) of such Code is amended by striking $10,000 and inserting $25,000. (b) Change in base year for inflation adjustment Section 23(h) of such Code is amended to read as follows: (h) Adjustments for inflation (1) In general In the case of a taxable year beginning after December 31, 2025, each of the dollar amounts in subsection (a)(3) and paragraphs (1) and (2)(A)(i) of subsection (b) shall be increased by an amount equal to— (A) such dollar amount, multiplied by (B) The cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting calendar year 2024 for calendar year 2016 in subparagraph (A)(ii) thereof. (2) Rounding If any amount as increased under paragraph (1)is not a multiple of $10, such amount shall be rounded to the nearest multiple of $10. (3) Special rule for income limitation In the case of the dollar amount in subsection (b)(2)(A)(i), paragraph (1) shall be applied— (A) by substituting 2002 for 2024 in the matter preceding subparagraph (A), and (B) by substituting calendar year 2001 for calendar year 2023 in subparagraph (B) thereof.. (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2024.

(a) In general Part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 25E the following new section: 25F. In vitro fertilization expenses (a) Credit allowed In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter the amount of the qualified in vitro fertilization expenses paid or incurred by the taxpayer during the taxable year. (b) Qualified in vitro fertilization expenses For purposes of this section, the term qualified in vitro fertilization expenses means amounts paid or incurred for medical care (as defined in section 213(d)) relating to in vitro fertilization for the taxpayer (or the taxpayer’s spouse, in the case of a joint return). (c) No double benefit Any qualified in vitro fertilization expense which would (but for this subsection) be taken into account for purposes of any deduction (or any credit other than the credit allowed under this section) shall be reduced by the amount of the credit allowed under subsection (a) with respect to such expense.. (b) Clerical amendment The table of sections for Part IV of subchapter A of chapter 1 of such Code is amended by inserting after the item relating to section 25E the following new item: Sec. 25F. In vitro fertilization expenses.. (c) Effective date The amendments made by this shall apply to amounts paid or incurred after the date of the enactment of this section.