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Income Tax Planning
Chapter 9: Tax Credits/ADOPTION EXPENSE CREDIT (2 OF 2)
Warren Academy Course SyllabusSyllabus Slides
Chapter Study Session

Chapter 9: Tax Credits

ADOPTION EXPENSE CREDIT (2 OF 2)

01.Core Concepts

• Eligible child is one that is: • Less than 18 years of age, or • Individuals with physical or cognitive disabilities • Nonrefundable portion of credit • Excess may be carried forward for five years • OBBBA makes up to $5,120 of the credit refundable in 2026. • Indexed for inflation • The unused portion of the nonrefundable portion of the credit can still be carried forward 5 years.