Adoption Credit Enhancement (Section 70402)

Illinois — state programup to $5,000 (indexed for inflation) refundable portion

Beginning for tax years after Dec. 31, 2024, up to $5,000 (indexed for inflation) of the adoption credit may be refundable. Credit amounts carried forward from prior years cannot be used to calculate the refundable portion.

Program details

Type: tax-credit
Amount: up to $5,000 (indexed for inflation) refundable portion
Eligibility: Taxpayers claiming the adoption credit for tax years beginning after Dec. 31, 2024
Status: open
Administrator: IRS
More Info: https://www.irs.gov/newsroom/one-big-beautiful-bill-provisions

Source: Illinois — state program. Confirm current terms with the administering agency before applying.

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