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Foster Care Tax Credit: New Financial Support for Families

This act introduces a new tax credit of $850 for foster families, aiming to provide financial support for those caring for children in foster care. Additionally, it mandates reporting of child placement data to streamline administrative processes.
Key points
Foster families can receive a new annual tax credit of $850 for each qualifying child.
The credit is available to families who cared for a foster child for at least one month during the tax year.
Income limits are introduced, above which the credit amount will be gradually reduced.
Agencies and courts will be required to report information on foster child placements.
The act provides for education and outreach to foster families regarding available tax benefits.
A study will be conducted on the financial burdens faced by families with emergency and short-term foster placements.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2438
Sponsor: Rep. Houchin, Erin [R-IN-9]
Process start date: 2025-03-27
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Foster Care Tax Credit Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2438.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-03-27.

What are the main provisions?

Key points include:

  • Foster families can receive a new annual tax credit of $850 for each qualifying child.
  • The credit is available to families who cared for a foster child for at least one month during the tax year.
  • Income limits are introduced, above which the credit amount will be gradually reduced.
  • Agencies and courts will be required to report information on foster child placements.
  • The act provides for education and outreach to foster families regarding available tax benefits.
  • A study will be conducted on the financial burdens faced by families with emergency and short-term foster placements.
What is the specific legal status?

The current status is Introduced.

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 Rep. Houchin, Erin [R-IN-9].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Taxes Family Benefits