Adoption Tax Credit:

Tax Credit

If you adopt an eligible child, you may claim the Adoption Credit on your federal income taxes for up to $16,810 in qualified expenses for 2024. The tax credit and exclusion apply to international, domestic, private or public foster care adoptions. Check if you’re eligible. 

To learn more, please visit the official IRS website here.

Please be advised that Mark R. Iverson, P.S. does not provide tax advice. Please contact your personal accountant to see whether you qualify for the Adoption Credit.