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"?

posted

Connect with an expert

1 Reply

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"?

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

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"?

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"?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

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"?

Do you have an Intuit account?

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"?

Unlock tailored help options in your account.

Get more help

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert