Categories Adoption, Adoption Attorney, Adoption Law, Legal

Federal Adoption Tax Credit Increases To $15,950

Author Nicole Ward Moore Categories Adoption, Adoption Attorney, Adoption Law, Legal Posted on
Federal Adoption Tax Credit Increases To $15,950 The IRS issued Rev. Proc. 2022-38 on October 18, 2022, and the details of the Federal Adoption Tax Credit for adoptions finalized in 2023 are as follows: For adoptions finalized in 2023 the maximum credit will be $15,950 and the maximum credit will…
Adoption Tax Credit
Categories Adoption, Adoption Attorney, Adoption Law, Legal

IRS Audits of Adoption Tax Credits

Author Jeanne T. Tate Categories Adoption, Adoption Attorney, Adoption Law, Legal Posted on
IRS AUDITS OF ADOPTION TAX CREDIT  The Adoption Tax Credit was created by Congress in 1996 to encourage adoption by helping offset the costs. This laudable objective is being destabilized according to a report released by Fox News that 70% of taxpayers claiming the adoption tax credit were audited by…
Adoption Tax Credit
Categories Adoption, Adoption Attorney, Adoption Law, Legal

Claim Your Adoption Tax Credits

Author HOA ADMIN Categories Adoption, Adoption Attorney, Adoption Law, Legal Posted on
Claim your adoption, child, and stimulus tax credits in 2022.  If your family finalized an adoption in 2021, Heart of Adoptions Alliance has great ways to find financial relief. When visiting with your accountant or tax preparer, ask about the Federal Adoption Tax Credit, Child Tax Credit, and Stimulus Tax Credits. You…
Categories Adoption Law, Legal

Reintroducing the Adoption Tax Credit Refundability Act 2021

Author Brittney Bagiardi Categories Adoption Law, Legal Posted on
This legislation will make the current adoption tax credit fully refundable to help make adoption a supported option for more families! This legislation will make the current adoption tax credit fully refundable, removing income barriers to adoption for low and middle-income families, which represent the majority of families who adopt…