Adoption Tax Credits
If you are considering adoption or in the process of adopting, you have probably heard about the Adoption Tax Credit. This is one of the most misunderstood and confusing aspects of adoption. Although it's not refundable, the Adoption Tax Credit still works to provide much needed financial assistance to adoptive families each year. Adoption Circle strongly encourages adoptive families to reach out to their tax advisor to see how the Adoption Tax Credit may apply to them. Go to irs.gov and search adoption credit to obtain more information.