Pipeline · Bill → Law
Step 1
Introduced
Apr 10, 2025
Step 2
Referred
Apr 10, 2025
Finance
Step 3
Committee
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill makes the federal adoption tax credit refundable. The bill also requires the Internal Revenue Service to provide for a standardized third-party affidavit for purposes of verifying a legal adoption. As background, individuals may claim a tax credit for qualified expenses to adopt a child. The maximum amount of the tax credit is $17,280 per child for 2025, which is adjusted annually for inflation. Income limitations apply. Under current law, the adoption tax credit is not refundable but may be carried forward for up to five subsequent tax years to reduce taxable income in those years.
AmendmentAI
Timeline · 2 actions
Apr 10, 2025
Introduced in Senate
Apr 10, 2025
Read twice and referred to the Committee on Finance.