Adoption Tax Credit Refundability Act of 2025
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Apr 10, 2025)
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.
What just happenedApr 10, 2025
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateApr 10, 2025
- Apr 10, 2025IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Apr 10, 2025IntroReferral10000
Introduced in Senate