The Adoption Tax Credit can significantly offset the costs and fees of an adoption process, but prospective adoptive parents need to ensure they understand the basics before determining how much it can help them. In this updated Guide to Understanding the Adoption Tax Credit, we explain what the ATC is, how it is different from a tax deduction, how it works, and what the eligibility and qualifying expenses are. We also discuss proposed legislation to improve the ATC’s ability to help more families and strengthen opportunities for more children to thrive in permanent, loving families.

Continue reading here

Explore New Beginnings’ Financial Assistance Page

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from New Beginnings.

You have Successfully Subscribed!