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.

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

Claiming these and other federal tax credits and deductions like the adoption credit and the Earned Income Tax Credit (EITC) can lower your tax liability or increase your refund amount.

More information about the EITC can be found here. If you adopted an eligible child in 2024, you can claim the Adoption Credit on your federal income taxes. The Adoption Credit is up to $16,810 ...

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For 2024, both the Adoption Credit and the exclusion for employer-provided adoption benefits are set at $16,810 per eligible child. The credit begins to phase out for taxpayers with a modified ...

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.