Fairness for Adopting Families Act

Summary

Fairness for Adopting Families Act - Amends the Internal Revenue Code to limit the amount of the income tax deduction for the legal adoption of a child by a taxpayer to not exceed $5,000 ($7,000 in the case of an international adoption). Reduces the amount of the deduction for taxpayers whose taxable income exceeds $60,000. Expands such deduction to include all reasonable and necessary expenses which are directly related to a legal adoption of a child (current law restricts expenses to those incurred in the adoption of a child with special needs), if such adoption has been arranged by a State or local agency, a nonprofit agency, or through a private placement which does not violate a Federal or State law. Disallows such deduction for expenses of adoption by an individual of a child who is a child of such individual's spouse. Disallows such deduction for expenses in connection with artificial insemination, embryo transplantation, in vitro fertilization, or surrogate parenthood. Disallows such deduction for expenses incurred for travel outside the United States, unless such travel is required as a condition of the child's adoption, to assess the health and status of the child, or to escort the child back to the United States. Excludes from an employee's gross income any amounts paid on his behalf by an employer pursuant to an adoption assistance program. Establishes dollar amount and income amount limitations on such exclusion.

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1 official file

• Introduced in House

  summary · EN · 18 June 1985

  Open at official source

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