Here's a quick explainer on how tax breaks work, five different deductions the IRS offers for parents and what to know about ...

If you adopted a child in 2024, you might be eligible for a significant financial boost. This tax credit is designed to alleviate the financial burden of adoption-related expenses.

However, there’s a federal tax break that might help. The adoption tax credit is a nonrefundable tax credit designed to provide relief for the qualified costs related to the adoption of a child.

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You don’t need to itemize in order to take advantage of this deduction. The adoption credit is a tax break that helps filers cover a certain amount of qualified adoption costs per child.

Schedule 8812 (Form 1040) provides more details on the child tax credit. The Adoption Credit and the exclusion for employer-provided adoption benefits are $16,810 per eligible child in 2024.

Discovery also will cover ARL adoption fees March 21 at the Cumru Township shelter for animals age 6 months or older.

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