At Adoption & Beyond, we offer free access to an experienced financial coach and system to make sure families are prepared financially. Reach out to us if you have any questions.
Adoption Credit Information
As with any tax question, you can always turn to the source – the IRS. The link provided gives all of the major details, as well as links to relevant forms and instructions. If this page looks overwhelming, or if you’re new to learning about this topic, then check out the frequently asked questions page at the North American Council on Adoptable Children. This will pose many of your major questions and provide some quick answers.
Another site for information about the permanence of the tax credit can be found here, where they update regularly regarding any new legislation that takes place. For a more engaging approach that weaves in useful information, check out the Dave Thomas Foundation for Adoption.
Once you are all caught up on learning about the credit, consider reading this Adopt Help site that is already updating and providing information for the 2018 tax returns. This is a great spot to bookmark!
The adoption community builds success in sharing information and offering support. Hopefully, these pages will answer questions, but if any remain is sure to contact us or your adoption agency to make sure you and your family are secure when it comes time to submit those tax returns.