Foster Care Tax Credit Act

Hozzl · 2025-04-06T04:53:22Z

Explore the details of House Bill 2438 Foster Care Tax Credit Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

4/6/2025, 4:53 AM

Summary of Bill HR 2438

Bill 119 HR 2438, also known as the Foster Family Tax Credit Act, aims to amend the Internal Revenue Code of 1986 to provide a refundable tax credit for foster families. The bill seeks to support and incentivize individuals and families who open their homes to foster children by providing financial assistance through a tax credit.

The tax credit would be refundable, meaning that even if a foster family does not owe any federal income tax, they would still receive the full amount of the credit as a refund. This would help alleviate some of the financial burden that comes with caring for foster children and encourage more families to consider becoming foster parents.

In addition to the tax credit for foster families, the bill also includes provisions for other purposes related to foster care. These may include additional support services, resources, or incentives to further assist foster families in providing a safe and nurturing environment for the children in their care. Overall, the Foster Family Tax Credit Act aims to recognize and support the important role that foster families play in providing stability and care for children in need. By providing financial assistance through a refundable tax credit, the bill seeks to encourage more individuals and families to consider becoming foster parents and help improve outcomes for children in the foster care system.

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Current Status of Bill HR 2438

Bill HR 2438 is currently in the status of Bill Introduced since March 27, 2025. Bill HR 2438 was introduced during Congress 119 and was introduced to the House on March 27, 2025. Bill HR 2438's most recent activity was Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of March 27, 2025

Bipartisan Support of Bill HR 2438

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 2438

Primary Policy Focus

Alternate Title(s) of Bill HR 2438

To amend the Internal Revenue Code of 1986 to create a refundable tax credit for foster families, and for other purposes.To amend the Internal Revenue Code of 1986 to create a refundable tax credit for foster families, and for other purposes.

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Sponsors and Cosponsors of HR 2438

Erin Houchin

Indiana(Republican)

Julie Johnson

Texas(Independent)

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