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First-Time Parents Tax Credit: Financial Support for New Families

This new act establishes a refundable tax credit of $1,250 for individuals becoming parents for the first time. Married couples filing jointly can receive double this amount. The aim is to provide financial assistance to families upon the birth or adoption of a child.
Key points
First-time parents are eligible for a refundable tax credit of $1,250.
For married couples filing jointly, the credit amount is $2,500.
The credit applies to parents of a child born or adopted during the taxable year, or non-custodial parents of a child born or adopted in the immediately preceding year.
These changes will apply to taxable years beginning after December 31, 2025.
article Official text account_balance Process page
Introduced
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Additional Information
Print number: 119_HR_4653
Sponsor: Rep. Figures, Shomari [D-AL-2]
Process start date: 2025-07-23
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

First-Time Parents Tax Credit Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_4653.

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 2025-07-23.

What are the main provisions?

Key points include:

  • First-time parents are eligible for a refundable tax credit of $1,250.
  • For married couples filing jointly, the credit amount is $2,500.
  • The credit applies to parents of a child born or adopted during the taxable year, or non-custodial parents of a child born or adopted in the immediately preceding year.
  • These changes will apply to taxable years beginning after December 31, 2025.
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. Figures, Shomari [D-AL-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes Family Benefits