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No, you don't have to, but you probably want to. The adoption credit is a nonrefundable credit, which means that if your taxes are already zero, you will not receive additional credit for claiming it. However, if not used, the adoption credit carries forward for 5 years until it is used or lost after 5 years. Since the credit can be worth up to $13,810 per child (and the full amount is granted automatically if the adoption was for a special needs child), it will be worth your effort to claim the credit now, because it must be claimed in the year the adoption is finalized.
No, you don't have to, but you probably want to. The adoption credit is a nonrefundable credit, which means that if your taxes are already zero, you will not receive additional credit for claiming it. However, if not used, the adoption credit carries forward for 5 years until it is used or lost after 5 years. Since the credit can be worth up to $13,810 per child (and the full amount is granted automatically if the adoption was for a special needs child), it will be worth your effort to claim the credit now, because it must be claimed in the year the adoption is finalized.
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