Pennsylvania HB2195 establishes a child adoption tax credit of up to $1,000 per adopted child under 18.

HB2195 amends the Tax Reform Code of 1971 to include a new child adoption tax credit. This credit allows a taxpayer to claim up to $1,000 per adopted child under 18 years of age in the year the adoption is finalized. The credit can only be claimed once per child and may be claimed by individuals filing jointly. The Department of Revenue must establish a form and regulations for claiming the credit and will submit an annual report to the General Assembly starting in 2027. The act applies to tax years beginning after December 31, 2025.

Pennsylvania HB2195 establishes a child adoption tax credit of up to $1,000 per adopted child under 18.

HB2195 amends the Tax Reform Code of 1971 to include a new child adoption tax credit. This credit allows a taxpayer to claim up to $1,000 per adopted child under 18 years of age in the year the adoption is finalized. The credit can only be claimed once per child and may be claimed by individuals filing jointly. The Department of Revenue must establish a form and regulations for claiming the credit and will submit an annual report to the General Assembly starting in 2027. The act applies to tax years beginning after December 31, 2025.