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Adoption Tax Credit Becomes Refundable: Immediate Financial Help for Families.

This legislation transforms the existing Adoption Tax Credit from non-refundable to refundable. This crucial change means that families, especially those with lower tax liabilities, can receive the credit amount as a cash refund if it exceeds the taxes they owe. The goal is to provide immediate and substantial financial assistance to families undertaking the costs of adoption.
Key points
Major Change: The Adoption Tax Credit is now refundable, allowing families to receive cash back even if they owe little or no federal income tax.
Financial Relief: This provides immediate access to the full value of the credit, significantly easing the financial burden of adoption for more citizens.
Effective Date: The new refundable rules apply to tax years beginning after December 31, 2022.
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Additional Information
Print number: 118_S_2895
Sponsor: Sen. Casey, Robert P., Jr. [D-PA]
Process start date: 2023-09-21
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Adoption Tax Credit Refundability Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_2895.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-09-21.

What are the main provisions?

Key points include:

  • Major Change: The Adoption Tax Credit is now refundable, allowing families to receive cash back even if they owe little or no federal income tax.
  • Financial Relief: This provides immediate access to the full value of the credit, significantly easing the financial burden of adoption for more citizens.
  • Effective Date: The new refundable rules apply to tax years beginning after December 31, 2022.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Casey, Robert P., Jr. [D-PA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Taxes Family