What is the adoption tax credit and how can I claim it?
The adoption tax credit helps offset the costs of adopting a child. You can claim it by filing IRS Form 8839.
What are the eligibility requirements for the adoption tax credit?
To be eligible, you must have adopted a child and incurred qualified adoption expenses. The child must be under 18.
Is there a limit on how much I can claim for the adoption tax credit?
Yes, there is a maximum amount you can claim, which is adjusted annually for inflation. For 2023, it's $15,950.
Can I claim the credit if I adopted a child from another country?
Yes, international adoptions qualify for the adoption tax credit as long as you meet the eligibility requirements.
When do I need to file for the adoption tax credit?
You can claim the credit when you file your federal tax return for the year in which the adoption was finalized.
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