After the House Republicans’ November 2, 2017 tax reform proposal threatened to eliminate the Adoption Tax Credit, it has been reinstated by Committee. Learn about this vital credit and steps to enhance its benefits for children and families.
View the replay of the “Adoption Tax Credit Webinar” with Becky Wilmoth, EA, for an overview of the credit—what is covered, what is not, how the guidelines differ for families that adopt internationally vs. domestically or from U.S. foster care, and how and when to file for it.
Each year, the IRS adjusts tax provisions to account for inflation. Learn about changes to the adoption tax credit for tax year 2017.
Are all children from foster care considered “special needs,” and, therefore, eligible for the full adoption tax credit?
There’s no way around it — expanding your family is expensive. Can the federal adoption tax credit help?
Efforts are underway to make the adoption tax credit refundable, and available to lower income families with the 2015 Adoption Tax Credit Refundability Act.
Failed adoptions can be both emotionally and financially taxing. Here’s what you need to know about claiming tax credit for a failed adoption.
A bipartisan bill seeks to make the adoption tax credit refundable, helping lower-income families.
The Internal Revenue Service (IRS) has raised the maximum adoption tax credit 2015 to $13,400, to account for inflation.