Adoption tax credits: Easing the financial journey of parenthood

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Adoption tax credits: Easing the financial journey of parenthood

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December 17, 2024 ,

adoption tax credit

There are two tax breaks that help eligible parents offset the expenses of adopting a child. In 2025, adoptive parents may be able to claim a credit against their federal tax for up to $17,280 of “qualified adoption expenses” for each child. This is up from $16,810 in 2024. A tax credit is a dollar-for-dollar reduction of tax.

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Adopting a child? Bring home a tax break too

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November 8, 2022 , ,

adoption tax break

Two tax benefits are available to offset the expenses of adopting a child. In 2022, adoptive parents may be able to claim a credit against their federal tax for up to $14,890 of “qualified adoption expenses” for each child. This will increase to $15,950 in 2023. That’s a dollar-for-dollar reduction of tax.

Continue Reading: Adopting a child? Bring home a tax break too