Adoption foster care

[Forrealb]

Adopting a child in Florida in 2 weeks. What do I need to do. I hear I can write off the max like 14k automatically because it's from foster ? 

[KNDavis]

You can claim a credit on your taxes for adoption expenses in 2022.  The maximum credit is $14,890 for 2022, as long as your modified adjusted gross income (MAGI) is under $223,410 for 2022.  Assuming this is a domestic adoption, you claim the credit in the year after you paid the expenses until the adoption is final.  Once the adoption is final, you can claim the credit for expenses in the year you pay them.   If the adoption is final in 2022, you'll be able to claim expenses paid in 2021 and 2022.

You'll use Form 8839, Qualified Adoption Expenses with your tax return to claim the credit.

Here's a link to the IRS guidance for Adoption Credit.

[SuziM]

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