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What the Heck is Happening with the Adoption Tax Credit? - Weekend Wisdom

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Manage episode 481813985 series 8738
Content provided by Creating a Family. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Creating a Family or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Click here to send us a topic idea or question for Weekend Wisdom.

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

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Please leave us a rating or review. This podcast is produced by www.CreatingaFamily.org. We are a national non-profit with the mission to strengthen and inspire adoptive, foster & kinship parents and the professionals who support them.
Creating a Family brings you the following trauma-informed, expert-based content:

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753 episodes

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iconShare
 
Manage episode 481813985 series 8738
Content provided by Creating a Family. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Creating a Family or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Click here to send us a topic idea or question for Weekend Wisdom.

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:

Support the show

Please leave us a rating or review. This podcast is produced by www.CreatingaFamily.org. We are a national non-profit with the mission to strengthen and inspire adoptive, foster & kinship parents and the professionals who support them.
Creating a Family brings you the following trauma-informed, expert-based content:

  continue reading

753 episodes

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