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.
Webinar Replay: The Adoption Tax Credit
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.
News Brief: IRS Increases 2017 Adoption Tax Credit
Each year, the IRS adjusts tax provisions to account for inflation. Learn about changes to the adoption tax credit for tax year 2017.
Ask AF: Defining Special Needs
Are all children from foster care considered “special needs,” and, therefore, eligible for the full adoption tax credit?
The Federal Adoption Tax Credit
There’s no way around it — expanding your family is expensive. Can the federal adoption tax credit help?
News Brief: Adoption Tax Credit Refundability Act Update
Efforts are underway to make the adoption tax credit refundable, and available to lower income families with the 2015 Adoption Tax Credit Refundability Act.
Ask AF: Can We Claim Tax Credit for Failed Adoptions?
Failed adoptions can be both emotionally and financially taxing. Here’s what you need to know about claiming tax credit for a failed adoption.
Proposed Law Would Make Adoption Tax Credit Refundable
A bipartisan bill seeks to make the adoption tax credit refundable, helping lower-income families.
2015 Adoption Tax Credit Maximum Increases
The Internal Revenue Service (IRS) has raised the maximum adoption tax credit 2015 to $13,400, to account for inflation.