I started the adoption process in 2019 and finalized in 2020. Why can't I get the adoption credit this year?

Mikaagape · ‎January 27, 2021

MayaD · ‎January 28, 2021

The credit is nonrefundable, which means it's limited to your tax liability for the year. However, any credit in excess of your tax liability may be carried forward for up to five years.

For more information please check Adoption Credit

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MayaD · ‎January 28, 2021

The credit is nonrefundable, which means it's limited to your tax liability for the year. However, any credit in excess of your tax liability may be carried forward for up to five years.

For more information please check Adoption Credit

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

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I started the adoption process in 2019 and finalized in 2020. Why can't I get the adoption credit this year?