Adoption Tax Credit Refundability Act of 2025

Hozzl · 2025-04-24T04:53:17Z

Explore the details of House Bill 2833 Adoption Tax Credit Refundability Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

4/24/2025, 4:53 AM

Summary of Bill HR 2833

The bill titled "To amend the Internal Revenue Code of 1986 to provide for a refundable adoption tax credit" was introduced in the 119th Congress as H.R. 2833 on April 10, 2025. The bill aims to make changes to the tax code to establish a refundable adoption tax credit, likely providing financial assistance to individuals or families who adopt children. Specific details regarding the credit amount, eligibility criteria, and administrative procedures would be outlined in the bill's text. For further specifics and implementation requirements, please refer to the official PDF version of the bill.

Congressional Summary of HR 2833

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.

Read the Full Bill

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Current Status of Bill HR 2833

Bill HR 2833 is currently in the status of Bill Introduced since April 10, 2025. Bill HR 2833 was introduced during Congress 119 and was introduced to the House on April 10, 2025. Bill HR 2833's most recent activity was Referred to the House Committee on Ways and Means. as of April 10, 2025