You Are Viewing

Tag Archives: Foster Care

Adoption Tax Credit – Don’t Forget!

Finalize an adoption in 2014? Be sure to claim the adoption tax credit. Adoptive parents can claim up to $13,190 in tax credit per child. If the child is deemed to “have special needs” (having been in foster care may qualify*), no actual adoption expense need be shown to claim the full $13,190 credit. Otherwise […]