Adoption Tax Credit Refundability Act of 2025
119-HR-2833119th CongressIntroduced Apr 10, 2025Taxation
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Referred to the House Committee on Ways and Means.
Sponsor
Rep. Davis, Danny K. [D-IL-7](D-IL-7)12 cosponsors
Summary
Adoption Tax Credit Refundability Act of 2025
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.
Actions (3)
Referred to the House Committee on Ways and Means.
Apr 10, 2025House floor actions
Introduced in House
Apr 10, 2025Library of Congress
Introduced in House
Apr 10, 2025Library of Congress