Adoption Tax Credit

Adoption Tax Credit

One common question that we receive when families complete their adoption is whether or not they will qualify for the “Adoption Credit” during the upcoming tax season. 

According to the IRS website: 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. If you receive adoption benefits from your employer, you may also exclude up to $16,810 of those benefits from your income.

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 Adoption Services of Spokane does not provide tax advice. Please contact your personal accountant to see whether you qualify for the Adoption Credit.