Weekend Wisdom: What the Heck is Happening with the Adoption Tax Credit?
Question: On the 2025 Adoption Tax Credit Episode, it was mentioned that they thought this would possibly be the year it becomes refundable. Does that only apply to finalizations in 2025, or will it make previous adoptions (if within the 5-year tax credit range) refundable too? For example, an adoption finalized in 2023 but we haven’t used all of the tax credit available. Does the remaining amount become refundable, too? ~Oklahoma City, OK
Resources:
- Understanding the Adoption Tax Credit
- AdoptionTaxCredit.org
- Josh Kroll, Families Rising (joshk@wearefamiliesrising.org)
Music Credit: Michael Ashworth
Podcast Producer: Megown SoundWorks
Image Credit: Edar