The Adoption Tax Credit
Happy Tax Day! If you’re a prospective adoptive family, you might be interested in learning more about the Adoption Tax Credit and how you might benefit from it if/when you incur expenses relating to the adoption of a child. The credit, which has been part of federal tax law since 1997, allows adoptive families to defray some of the costs incurred when they grow their families through adoption. It has helped bring together hundreds of thousands of families, many of whom would not have been able to grow their families through adoption without it.