Now that 2019 is officially underway, it is time for families who finalized their adoptions in 2018 to take advantage of the 2018 Federal Adoption Tax Credit. Prospective adoptive parents can find information about the Federal Adoption Tax Credit on the IRS website. Basically, this provision allows adopting parents to take a tax credit for […]
Category: Financial Considerations
Raising a child is one of the most rewarding experiences you can have, but it also comes with its fair share of stress and anxieties. Saving for college is definitely one of those worries. Tuition is getting higher than ever, and thousands of college graduates are in debt. But paying for college doesn’t have to […]
The IRS announced the maximum tax credit for 2017. Prospective adoptive parents can find information about the Federal Adoption Tax Credit on the IRS website. Basically, this provision allows adopting parents to take a tax credit for “qualified expenses” to adopt a child. “Qualified adoption expenses” are reasonable and necessary adoption fees, court costs […]