For any parents who are looking to adopt, the adoption tax credit is an important and sometimes necessary part of theĀ adoption process. The adoption tax credit helps adoptive families across the country by greatly limiting the financial burdens of adoption. However, there are some aspects of the adoption tax credit that are tricky to figure …Read More about 8 Things About the Adoption Tax Credit You…
Adoption Tax Credit 2024
The 2024 Federal Adoption Tax Credit
There is great news for prospective adoptive parents! For 2024, the federal adoption tax credit is $16,810. The amazing thing about this tax credit is that it is not a deduction that reduces your income for purposes of determining your tax liability. Rather, it is a tax refund that is based on a dollar for …Read More about The 2024 Federal Adoption Tax Credit