H.R. 2438, known as the "Foster Care Tax Credit Act," proposes an amendment to the Internal Revenue Code of 1986 to introduce a refundable tax credit of $850 for foster families. This credit is intended for eligible taxpayers who have a qualifying foster child placed in their home for at...
Simple Explanation
The Foster Care Tax Credit Act wants to give families who take care of foster children a little extra money, $850, to help pay for things. It is like getting some money back when you do your chores, but for families who open their homes to help kids in need.