Does the adoption tax credit carryover get "used in 5 years (meaning years in which one is unable to benefit don't count)" or is it just "available for the next 5 years"?
01228
1 Replies
ShirlynW
Level 7
Jan 24, 2023 8:38:15 AM
The adoption tax credit is a nonrefundable tax credit. If you can't use the entire credit's value in the first year you claim it, you can carry forward any remaining amount for up to five years.