Newly -Expanded Adoption Tax Credit
Tuesday, October 12, 2010
Newly adoptive parents may be eligible for the recently expanded adoption tax credit. Through the Affordable Care Act, Senator Casey secured the expansion of this existing adoption support tool. Now, adoptive parents are eligible for a maximum tax credit of $13,170 per adopted child; this tax credit is now refundable. This credit is for qualified adoption expenses such as adoption fees, court costs, attorney’s fees and travel expenses. More information can be found online at http://www.irs.gov/newsroom/article/0,,id=228301,00.html.